NUSI Offshore Training Institute
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 8.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 7.00 L |
| Surplus to members | Rs 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 register176 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
below 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.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH : C-IV
- Case number
- CP(IB)-31/MB/2023
- Order date
- 16 May 2023
Dissolved
What the bench said
On examining the submissions made by the Liquidator and the documents annexed to the petition, it appears that the affairs of the company have been completely wound up, and its assets have been completely liquidated.
Why the company wound up
In the order's own words
The company was not carrying-out any operations since many years and the Board of Directors had no intention to carry out the operations of the Company in near future.
- What it was doing by the end
- The company was not carrying-out any operations since many years
The wind-down, stage by stage
8 dated stages
- 19 Feb 2022 Declaration of solvency
- 28 Feb 2022 Liquidation commenced
- 3 Mar 2022 Public announcement
- 25 Nov 2022 Final report
- 1 Dec 2022 Final report filed with IBBI
- 16 Dec 2022 Dissolution application filed
- 16 May 2023 NCLT order
- 16 May 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 guarantee
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Business Services
- PIN
- 400001
- Incorporated
- 7 Nov 2013
- Authorised capital
- Rs 0
- Paid-up capital
- Rs 0
- CIN
- U74999MH2013NPL249862
- Registered office
- NUSI BHAVAN, GROUND FLOOR 4 GOA STRET, BALLARD ESTATE,MUMBAI,Mumbai City,Maharashtra,400001-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Abdulgani Yakub Serang | ||
| Nand Atmaram Hiranandani | ||
| Rajeev Sundershankumar Nayyer | ||
| Milind Vaman Kandalgaonkar |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
the company had no assets for disposal except for surplus bank balance which was disposed off through donation to Prime Minister’s National Relief Fund on 25.11.2022
Creditors and claims
As the order records them
The Liquidator did not receive any claims from any stakeholders towards the advertisement published in the newspaper.
Creditor approval
The Company has also taken consent from the Creditor of the Company “M/s. Siddharth Sinkar & Associates” for the credit amounting to Rs 5,900/-.
Litigation and delays
The frictions the order records
Litigation
no litigation is pending against the Company
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.