Voluntary liquidation · IBC s.59

Nordic Wireless India Private Limited

CIN · U72900TN2020PTC134210 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

21 Mar 2025

View process timeline

What did the wind-down return?

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

Assets realised

Rs 8.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 5.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 37.5%Rs 3.00 L

Members · 62.5%Rs 5.00 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 assets	Rs 8.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 3.00 L
Surplus to members	Rs 5.00 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

Cost of the wind-down37.5% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 8.00 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 5.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: DIVISION BENCH – II, CHENNAI
Case number: CP(IB)/100/(CHE)/2024
Order date: 21 Mar 2025

Dissolved

What the bench said

the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.

21 Mar 2025 · CP(IB)/100/(CHE)/2024 · 8 pages Read the order

Why the company wound up

In the order's own words

No significant business operations for the last few years in the company and the company was not earning any profits and the company was no longer capable of being revived

What it was doing by the end: There is no significant business operations for the last few years in the company and the company was not earning any profits

The wind-down, stage by stage

6 dated stages

27 Sep 2023 Board resolution to wind up
27 Sep 2023 Declaration of solvency
3 Oct 2023 Public announcement
13 Nov 2023 Preliminary report
21 Mar 2025 NCLT order
21 Mar 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: Tamil Nadu
ROC: ROC Chennai
Industry: Business Services
PIN: 600099
Incorporated: 3 Feb 2020
Authorised capital: Rs 2.50 Cr
Paid-up capital: Rs 42.02 L
CIN: U72900TN2020PTC134210
Registered office: Plot no 99, Arul nagar, 4th street, Sivaprakasam Nagar,Soorapatt,u,Chennai,Chennai,Tamil Nadu,600099-India

Directors named in the order

Palani · Dhanalakshmi Selvaraj

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 8.07 L
Total payments: Rs 8.07 L
Liquidation cost: Rs 2.61 L

Receipts

Cash/ Bank balance	Rs 8.07 L

Payments

Liquidation Cost [Sec. 53(1)(a)]	Rs 2.61 L

What the company held

Cash/ Bank balance

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.