Voluntary liquidation · IBC s.59

Mitra Renewables Private Limited

CIN · U40108TZ2013PTC019674 Company Tamil Nadu 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

16 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 2.17 Cr

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 2.11 Cr

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 2.8%Rs 6.00 L

Members · 97.2%Rs 2.11 Cr

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 2.17 Cr
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 6.00 L
Surplus to members	Rs 2.11 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 register

Time to dissolve221 days

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

Cost of the wind-down2.8% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 2.17 Cr

above 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 2.11 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: DIVISION BENCH – II, CHENNAI
Case number: CP (IBC) / 190 (CHE) 2023
Order date: 16 Feb 2024

M/s. Mitra Renewables Private Limited and the Applicant Company shall stand dissolved from the date of this order.

What the bench said

on examining the submissions made by the Applicant and after perusing the documents annexed, it appears that the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated

16 Feb 2024 · CP (IBC) / 190 (CHE) 2023 · 6 pages Read the order

Why the company wound up

In the order's own words

In-viability of the company to commence its business as expected and no further plan of operations

What it was set up to do: To carry on and generate power supply through renewable energy sources such as solar, photo voltaic, windmill and/or any other means, distribute, supply and sell such power
What it was doing by the end: In-viability of the company to commence its business as expected and no further plan of operations

The wind-down, stage by stage

9 dated stages

221 days to dissolve

10 Jul 2023 Board resolution to wind up
10 Jul 2023 Liquidation commenced
15 Jul 2023 Public announcement
23 Aug 2023 Preliminary report
6 Nov 2023 Final report
7 Nov 2023 Final report filed with the ROC
7 Nov 2023 Final report filed with IBBI
16 Feb 2024 NCLT order
16 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: Tamil Nadu
ROC: ROC Coimbatore
Industry: Electricity, Gas and Water companies
PIN: 641035
Incorporated: 12 Jul 2013
Authorised capital: Rs 5.00 L
Paid-up capital: Rs 2.00 L
CIN: U40108TZ2013PTC019674
Registered office: 176, ATHIPALAYAM ROAD, KEERANATHAM - PUDUPALAYAM PO,COIMBATORE,Coimbatore,Tamil Nadu,641035-India

Shareholding as the order states it

Member	Shares	%
Narayanan Venkateswaran	8680	43.40%
Senthilmurugan S	7810	39.05%
Mallikarjun Shivaraya Kande	3510	17.55%

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 217
Total payments: Rs 217
Liquidation cost: Rs 6

Payments

Liquidation Cost	Rs 6
Any remaining Debts and Dues	Rs 0
Equity Shareholders	Rs 211

Distributed to members

Equity Shareholders	Rs 211

Section 53(1) of IBC, 2016

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.