Kspl Shipyard Private Limited
The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.
What did the wind-down return?
Reported financials Rs crore, shown in lakh below Rs 1 crore
Where the money went
Share of realisationAmount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 64.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 4.00 L |
| Surplus to members | Rs 60.00 L |
"Not reported" means no figure is available. A reported zero is shown as zero. Registry capital further down the page is separate from liquidation proceeds, and so are any figures read from the NCLT order.
Where this wind-down sits
against every completed s.59 on the register404 days faster than the median of 618 days across 1,597 completed wind-downs
the median is 9.5%
72% of completed wind-downs returned a surplus to members
below the median realisation of Rs 66.00 L
This is a voluntary liquidation under IBC Section 59 — a solvent company choosing to wind up. Creditors are paid in full and costs met before any surplus returns to members; there is no haircut and no acquirer. Read assets realised, creditor payments, expenses and members' surplus separately. Here, Rs 60.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- AMARAVATI BENCH
- Case number
- CP(IB)/30/59/AMR/2024
- Order date
- 3 Sep 2024
Dissolved effective order date
What the bench said
All statutory requirements have been complied with under Section 59 of IBC, 2016 and regulations.
Statutory observations
ROC reported no inquiry/investigation/complaint/legal action pending.
Why the company wound up
In the order's own words
Voluntary Liquidation
- What it was set up to do
- RIG Building, RIG Repairs & Maintenance, Oil Exploration and Drilling and arrangement of Logistics for offshore activities and other allied activities
- What it was doing by the end
- Does not have any significant business operations since incorporation
The wind-down, stage by stage
10 dated stages
- 12 Jan 2024 Board resolution to wind up
- 12 Jan 2024 Declaration of solvency
- 2 Feb 2024 Liquidation commenced
- 6 Feb 2024 Public announcement
- 3 Mar 2024 Last date for creditors to claim
- 14 Mar 2024 Preliminary report
- 30 May 2024 Final report filed with the ROC
- 3 Sep 2024 Last hearing
- 3 Sep 2024 NCLT order
- 3 Sep 2024 Dissolved
Green marks a date from the IBBI register; blue marks a date read from an NCLT order.
The company behind the record
Identity, registration and capital
- MCA status
- Dissolved under section 59(8)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Andhra Pradesh
- ROC
- ROC Vijayawada
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 533003
- Incorporated
- 29 Jul 2019
- Authorised capital
- Rs 10.00 Cr
- Paid-up capital
- Rs 70.00 L
- CIN
- U35999AP2019PTC112531
- Registered office
- 1st Floor, Sy. No. 312 Deep Water Port Area, ADB Road,KAKINADA,East Godavari,Andhra Pradesh,533003-India
Directors named in the order
Jayadev Polavarapu · Muralidhar Merla
Creditors and claims
As the order records them
Total claims/liabilities amounting to 71,876 INR
Litigation and delays
The frictions the order records
Litigation
No inquiry/investigation/complaint/legal action is pending against the subject company
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.