Mirchi Arts 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 1.16 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 8.00 L |
| Surplus to members | Rs 1.09 Cr |
"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 register846 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
above 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 1.09 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI BENCH COURT - IV
- Case number
- RESTORED COMPANY PETITION (IBC)/8/ND/2025
- Order date
- 16 Dec 2025
Dissolved effective order date
What the bench said
The Liquidator has duly performed his duties and completed necessary formalities; affairs of the company completely wound up; assets completely liquidated; no liabilities left unsatisfied.
Statutory observations
RoC reported no inquiry / inspection / complaint / legal action pending against the subject Company.
Why the company wound up
In the order's own words
- What it was set up to do
- To carry on the business of manufacturing, buying, selling, dealing in new and old art works including but not limited to paintings, prints, sculptures, photographs, pottery, installations and works in all other materials considered to be representative of art works and created by current and deceased, well-known and emerging artists from India and overseas.
The wind-down, stage by stage
10 dated stages
- 13 Dec 2021 Liquidation commenced
- 17 Dec 2021 Public announcement
- 20 Dec 2021 Declaration of solvency
- 16 Jan 2022 Last date for creditors to claim
- 18 Jan 2022 Preliminary report
- 31 Jan 2024 Final report
- 12 Feb 2024 Final report filed with the ROC
- 26 Sep 2025 Last hearing
- 16 Dec 2025 NCLT order
- 16 Dec 2025 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
- Business Services
- PIN
- 110003
- Incorporated
- 14 Oct 2005
- Authorised capital
- Rs 4.00 Crorder says Rs 2.01 Cr
- Paid-up capital
- Rs 1.82 Cr
- CIN
- U74999DL2005PTC141741
- Registered office
- G-76SUJAN SINGH PARK,NEW DELHI,Delhi,110003-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Kiran Singh | ||
| Shiv Karan Singh | ||
| Robin Farkas | ||
| EBCCA Ltd | ||
| Sabi Marwah | ||
| George Kellner |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members
| Kiran Singh | Rs 1,085 |
|---|---|
| Shiv Karan Singh | Rs 59,688 |
| Robin Farkas | Rs 13.58 L |
| EBCCA Ltd | Rs 27.25 L |
| Sabi Marwah | Rs 26.84 L |
| George Kellner | Rs 40.25 L |
Section 53 of the Insolvency and Bankruptcy Code, 2016
Litigation and delays
The frictions the order records
Why it took as long as it did
Time taken by statutory authorities in processing refunds and releasing liens (GST cancellation, DVAT fixed deposit release, and Income Tax refunds).
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.