Voluntary liquidation · IBC s.59

Magnum India Hotel Management Private Limited

CIN · U55101DL2011PTC225119 Company Delhi MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

15 Feb 2024

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 12.00 L

Value realised from assets

Paid to creditors

Rs 5.00 L

100.0% of reported dues

Surplus to members

Rs 1.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 41.7%Rs 5.00 L

Expenses · 41.7%Rs 5.00 L

Members · 8.3%Rs 1.00 L

Amount due to creditors: Rs 5.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 12.00 L
Amount due to creditors	Rs 5.00 L
Amount paid to creditors	Rs 5.00 L
Liquidation expenses	Rs 5.00 L
Surplus to members	Rs 1.00 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 register

Time to dissolve321 days

297 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down41.7% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 12.00 L

below the median realisation of Rs 66.00 L

Reading this record

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 1.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: PRINCIPAL BENCH, NEW DELHI
Case number: (IB) –513 (PB)/2023
Order date: 15 Feb 2024

Dissolved effective order date

What the bench said

The affairs of the Corporate Person have been completely wound up and its assets have been completely liquidated. No liabilities have been left unsatisfied. We are satisfied from the documents on record that the voluntary liquidation is not with the intent to defraud any person.

Statutory observations

no enquiry/inspection/complaint/legal action has been pending against the subject company

15 Feb 2024 · (IB) –513 (PB)/2023 · 14 pages Read the order

The wind-down, stage by stage

9 dated stages

321 days to dissolve

20 Mar 2023 Board resolution to wind up
20 Mar 2023 Declaration of solvency
31 Mar 2023 Liquidation commenced
4 Apr 2023 Public announcement
15 May 2023 Preliminary report
25 Jul 2023 Final report
26 Jul 2023 Final report filed with the ROC
15 Feb 2024 NCLT order
15 Feb 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: Delhi
ROC: ROC Delhi
Industry: Trading
PIN: 110070
Incorporated: 15 Sep 2011
Authorised capital: Rs 5.51 Cr
Paid-up capital: Rs 5.51 Cr
CIN: U55101DL2011PTC225119
Registered office: 4th Floor, Kaveri Tower-1, 211, D-6, Vasant Kunj, New Delhi-110070,New Delhi,South Delhi,Delhi,110070-India

Directors named in the order

Rajat Roy · Puneet Dhawan

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

Total receipts: Rs 11.76 L
Total payments: Rs 11.76 L
Liquidator fee: Rs 3.60 L
Liquidation cost: Rs 5.39 L

Receipts

Balance at Bank & Cash Balance as on 31st March, 2023 31 Mar 2023	Rs 11.76 L

Payments

Liquidator Fee	Rs 3.60 L
Liquidation expenses	Rs 50,000
Payment of Rent	Rs 1.27 L
Payment of Audit fees	Rs 2.54 L
Payment of fees for Professional and Consultancy, Accounting, Finance and other support services	Rs 1.52 L
Payment of TDS	Rs 71,505
GST Expense on payment to auditor of previous Year	Rs 40,500
Payment made to Contributories/ Members as final settlement of Share Capital Account	Rs 1.21 L

What the company held

Cash / Bank balance

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.