Millenium Broadcast Company 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 3.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 1.00 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 register806 days slower 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 1.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH, COURT-V
- Case number
- CP(IB)/925(MB)/2022
- Order date
- 2 Nov 2023
Dissolved
What the bench said
the affairs of the Corporate Person have been completely wound up and its assets are liquidated
Why the company wound up
In the order's own words
lack of adequate financial resources concluded that it must wind up its operations
- What it was set up to do
- carry on the business of development, creation of all kinds and designing of web sites and software, providing web based and computer-based solutions, E-commerce, create entertainment programs and products, computer programming, data storage and retrieval
The wind-down, stage by stage
10 dated stages
- 12 Nov 2019 Board resolution to wind up
- 12 Nov 2019 Declaration of solvency
- 9 Dec 2019 Liquidation commenced
- 11 Dec 2019 Public announcement
- 22 Jan 2020 Preliminary report
- 26 Feb 2022 Final report
- 28 Feb 2022 Final report filed with IBBI
- 1 Mar 2022 Final report filed with the ROC
- 2 Nov 2023 NCLT order
- 2 Nov 2023 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
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Transport, storage and Communications
- PIN
- 400018
- Incorporated
- 5 Nov 1999order says 5 Nov 2000
- Authorised capital
- Rs 50.00 Cr
- Paid-up capital
- Rs 20.05 Cr
- CIN
- U64200MH1999PTC122566
- Registered office
- 4A MOHATTA BHAVAN, 10 DR E.MOSES ROAD, WORLI,MUMBAI,Mumbai City,Maharashtra,400018-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Unclaimed proceeds
INR 74.50/- and INR 5,544.36/- of Ms. Pooma Thakore and Nandan Piramal Investment Private Limited respectively deposited to the Corporate Voluntary Liquidation Account
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.