NRTU Foundation
The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.
What did the wind-down return?
Reported financials ₹ crore, shown in lakh below ₹1 crore
Where the money went
Share of realisationAmount due to creditors: ₹0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | ₹4.00 L |
|---|---|
| Amount due to creditors | ₹0 |
| Amount paid to creditors | ₹0 |
| Liquidation expenses | ₹4.00 L |
| Surplus to members | ₹0 |
"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 register143 days faster than the median of 618 days across 1,583 completed wind-downs
the median is 9.5%
72% of completed wind-downs returned a surplus to members
below the median realisation of ₹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.
The NCLT order
Read from the document itself
- Bench
- New Delhi Bench, Court – III
- Case number
- C.P.(IB)/855/ND/2024
- Order date
- 6 May 2025
Dissolved effective order date
What the bench said
Affairs of the Applicant Company have been completely wound up, assets completely liquidated, no liabilities left unsatisfied, and liquidation not with intent to defraud.
Statutory observations
RoC reported that no inquiry/inspection/complaint/legal action has been proceeded/pending against the Applicant Company.
Why the company wound up
In the order's own words
Vesting of all assets and liabilities of National Rail and Transportation Institute with Gati Shakti Vishwavidyalaya pursuant to Gazette Notifications.
- What it was set up to do
- promote establish, develop, construct, administer and carry on all types of education, research and development in all fields in any manner
- What it was doing by the end
- Conversion of National Rail and Transportation Institute into Gati Shakti Vishwavidyalaya, leaving NRTU Foundation with no other business.
The wind-down, stage by stage
11 dated stages
- 16 Jan 2024 Declaration of solvency
- 17 Jan 2024 Board resolution to wind up
- 17 Jan 2024 Liquidation commenced
- 20 Jan 2024 Public announcement
- 15 Feb 2024 Last date for creditors to claim
- 1 Mar 2024 Preliminary report
- 7 Dec 2024 Final report
- 10 Dec 2024 Final report filed with the ROC
- 10 Dec 2024 Final report filed with IBBI
- 6 May 2025 NCLT order
- 6 May 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
- Union government company
- Listing
- Unlisted
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Community, personal and Social Services
- PIN
- 110001
- Incorporated
- 4 May 2018
- Authorised capital
- ₹10.00 Cr
- Paid-up capital
- ₹1.00 Cr
- Registered office
- ROOM NO. 366 RAIL BHAVAN, 1 RAISINA ROAD,NEW DELHI,Central Delhi,Delhi,110001-India
Directors named in the order
Veeravalli Govindarajan Bhooma · Roopa Srinivasan · Jaya Varma Sinha
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| President of India |
The money, as the order printed it
₹ as stated in the document — not the crore figures above
- Total receipts
- ₹4.03 L
- Total payments
- ₹4.03 L
- Liquidator fee
- ₹1.18 L
- Liquidation cost
- ₹3.56 L
Receipts
| From Bank and FDR | ₹1.83 L |
|---|---|
| Income Tax Refund | ₹2.20 L |
Payments
| Publication Expenses | ₹7,484 |
|---|---|
| RoC Fees | ₹1,800 |
| Liquidator Fee including GST | ₹1.18 L |
| Misc. Expenses (TDS Interest) | ₹450 |
| C & AG Audit Fee | ₹59,000 |
| Honorarium- Mr. Prakash (Company Instruction) | ₹89,032 |
| Honorarium- Mr. Jitendra (Company Instruction) | ₹40,554 |
| Annual Report- Hindi Version and others | ₹23,695 |
| Out of Pocket Provision for closing compliance for Dissolution | ₹15,712 |
| Donation to Prime Minister Relief Fund (As per instruction of management as disbursement) | ₹47,000 |
Distributed to members
| Prime Minister Relief Fund | ₹47,000 |
|---|
On instructions of contributories to pay remaining amount to PMRF
What the company held
Bank balance, FDR, and Income Tax Refund
Unclaimed proceeds
Nil
Creditors and claims
As the order records them
No claims received from equity shareholders or creditors; President of India considered as net worth of 393,625 INR.
Creditor approval
NA
Litigation and delays
The frictions the order records
Litigation
No inquiry/inspection/complaint/legal action has been proceeded/pending against the Applicant Company.
Why it took as long as it did
The Voluntary Liquidation Process could not be completed within the stipulated time period.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.