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Voluntary liquidation · IBC s.59

Neelkamal Estates Private Limited

CIN · U32109KA1989PTC009897 Company Karnataka 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

27 Jul 2023

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised
Rs 6.00 L
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 2.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 66.7%Rs 4.00 L
Members · 33.3%Rs 2.00 L

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 assetsRs 6.00 L
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 4.00 L
Surplus to membersRs 2.00 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 register
Time to dissolve603 days

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

Cost of the wind-down66.7% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 6.00 L

below 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 2.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
SPECIAL BENCH, BENGALURU
Case number
C.P.(IB)No.37/BB/2023
Order date
21 Apr 2023

Adjourned / Notice issued

21 Apr 2023 · C.P.(IB)No.37/BB/2023 · 1 pages Read the order

The wind-down, stage by stage

3 dated stages

603 days to dissolve
  1. 1 Dec 2021 Liquidation commenced
  2. 21 Apr 2023 NCLT order
  3. 27 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
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
Manufacturing (Machinery and Equipments)
PIN
560001
Incorporated
8 Mar 1989
Authorised capital
Rs 5.00 L
Paid-up capital
Rs 1.50 L
CIN
U32109KA1989PTC009897
Registered office
NO. 205/206, EMBASSY CHAMBERS, NO. 5, VITTAL MALYA ROAD,BANGALORE,Karnataka,560001-India
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

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All voluntary liquidations