Narayana Institute for Advanced Research 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 5.80 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 8.00 L |
| Surplus to members | Rs 5.73 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 register329 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 5.73 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.53/BB/2023
- Order date
- 15 Sep 2023
Dissolved effective order date
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
- to carry on the business of research and development in medical services and establishing a research center alongside other pursuit
The wind-down, stage by stage
12 dated stages
- 9 Nov 2022 Board resolution to wind up
- 25 Nov 2022 Declaration of solvency
- 30 Nov 2022 Liquidation commenced
- 1 Dec 2022 Public announcement
- 30 Dec 2022 Last date for creditors to claim
- 10 Jan 2023 Preliminary report
- 28 Feb 2023 Final report
- 28 Feb 2023 Final report filed with the ROC
- 28 Feb 2023 Final report filed with IBBI
- 1 Mar 2023 Dissolution application filed
- 15 Sep 2023 NCLT order
- 15 Sep 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
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Community, personal and Social Services
- PIN
- 560099
- Incorporated
- 20 Nov 2006
- Authorised capital
- Rs 2.00 Cr
- Paid-up capital
- Rs 1.04 Cr
- CIN
- U85121KA2006PTC040989
- Registered office
- # 258/A, BOMMASANDRA INDUSTRIAL AREA, ANEKAL TALUK,BANGALORE,Karnataka,560099-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 5.80 Cr
- Total payments
- Rs 5.80 Cr
- Liquidator fee
- Rs 7.00 L
Receipts
| Opening Balance of Liquidation Account 6 Jan 2023 | Rs 7,052 |
|---|---|
| Repayment of advance paid to Narayana Hrudayalaya Limited (Holding Company) 30 Jan 2023 | Rs 5.80 Cr |
Payments
| Publication Expenses | Rs 23,274 |
|---|---|
| Liquidator’s Fee | Rs 7.00 L |
| Audit Expenses | Rs 29,500 |
| Filing Fee | Rs 5,300 |
| Distribution to shareholders – Narayana Hrudayala Limited (holding Company) | Rs 5.73 Cr |
Distributed to members · 3 Feb 2023
| Narayana Hrudayala Limited (holding Company) | Rs 5.73 Cr |
|---|
Distribution to shareholders
What the company held
All assets of the Petitioner Company have been disposed of.
Creditors and claims
As the order records them
No claim received from creditors; claim received only from stakeholders, holding Company.
Creditor approval
Company did not have any liabilities to be paid as per its books of Accounts and did not receive any claim from creditors.
Litigation and delays
The frictions the order records
Litigation
No litigation is pending against the Petitioner Company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.