Moog EM Solutions (India) 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 7.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.38 Cr |
|---|---|
| Amount due to creditors | Rs 7.00 L |
| Amount paid to creditors | Rs 7.00 L |
| Liquidation expenses | Rs 13.00 L |
| Surplus to members | Rs 1.18 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 register136 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
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 1.18 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- BENGALURU BENCH, BENGALURU
- Case number
- C.P.(IB)No.06/BB/2023
- Order date
- 20 Jul 2023
The Applicant Company is hereby dissolved with effect from the date of the present order.
What the bench said
The affairs of the Corporate Person have been completely wound up and its assets have been liquidated and nothing remains to be liquidated.
Why the company wound up
In the order's own words
- What it was set up to do
- Manufacture and sale of mechanical, electrical, electro-mechanical, servo, pneumatic, electronic, hydraulic and industrial devices and motors to companies within Moog, and rendering system development and design services to Moog Group Companies worldwide.
The wind-down, stage by stage
11 dated stages
- 23 Mar 2022 Board resolution to wind up
- 25 Mar 2022 Liquidation commenced
- 29 Mar 2022 Public announcement
- 24 Apr 2022 Last date for creditors to claim
- 2 May 2022 Preliminary report
- 5 Aug 2022 Final report
- 5 Aug 2022 Final report filed with the ROC
- 5 Aug 2022 Final report filed with IBBI
- 6 Sep 2022 Dissolution application filed
- 20 Jul 2023 NCLT order
- 20 Jul 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
- Under Liquidation
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 560100
- Incorporated
- 12 Oct 2017
- Authorised capital
- Rs 2.00 Cr
- Paid-up capital
- Rs 1.30 Cr
- CIN
- U29304KA2017FTC107124
- Registered office
- No. 41P, 99P & 100P, KIADB Industrial Area Electronic City Phase-II,Bangalore,Bangalore,Karnataka,560100-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Moog Singapore Pte Limited | ||
| S. Nagarajan |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.38 Cr
- Total payments
- Rs 1.38 Cr
Receipts
| Opening Balance Bank A/c. 18 May 2022 | Rs 1.38 Cr |
|---|
Payments
| Ganesh Panduranga Pai Liquidator Fee | Rs 1.08 L |
|---|---|
| Venkat & Vasan Professional Fees | Rs 32,400 |
| Moog Controls India Private limited TDS Reimbursement | Rs 62,484 |
| Deloitte Haskins and LLP Professional Fees | Rs 3.89 L |
| Nagarajan SP Professional Fees | Rs 52,704 |
| Ganesh Panduranga Pai Liquidator Fee | Rs 1.19 L |
| Varma & Varma Interim Audit Fees | Rs 1.62 L |
| Uniq Security Solutions Maintenance Charges | Rs 30,130 |
| Ganesh Panduranga Pai Liquidator Fee | Rs 97,200 |
| Moog Controls India Private Limited TDS Reimbursement | Rs 1.08 L |
| Deloitte Haskins and LLP Professional Fees | Rs 8.42 L |
| Venkat & Vasan Certification Charges | Rs 10,800 |
| Moog Controls India Private Limited TDS Reimbursement | Rs 1,000 |
| Prakash Namdev Shenoy Audit Fees | Rs 10,000 |
| S. Nagarajan Repatriation of Funds | Rs 118 |
| Bank Charges Bank A/c. | Rs 3,234 |
| Moog Singapore Pte Limited Repatriation of Funds | Rs 1.18 Cr |
Distributed to members
| Moog Singapore Pte. Limited | Rs 1.18 Cr |
|---|---|
| S. Nagarajan | Rs 118 |
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.