Oil India International 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 17.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 137.62 Cr |
|---|---|
| Amount due to creditors | Rs 17.00 L |
| Amount paid to creditors | Rs 17.00 L |
| Liquidation expenses | Rs 2.33 Cr |
| Surplus to members | Rs 135.12 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 register782 days slower 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 135.12 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- New Delhi Bench Court - IV
- Case number
- C.P.(IB)/853/ND/2022
- Order date
- 31 Jul 2023
Dissolved effective order date
What the bench said
The Liquidator is found to have complied with the statutory provisions to complete the liquidation process by taking necessary steps as it is evident that he had duly opened an account in the name of Corporate Person with Bank for realization and payment to the members.
Why the company wound up
In the order's own words
- What it was set up to do
- engaged to purchase, take on lease or license, obtain concessions over or otherwise acquire any estate, asset or interest in, develop the resources, work and dispose of or otherwise turn to account, land or sea or any other place in the whole of India and outside India containing or thought or likely to contain hydrocarbons, crude oils, petroleum oils or base oils
The wind-down, stage by stage
10 dated stages
- 20 Sep 2019 Declaration of solvency
- 30 Sep 2019 Board resolution to wind up
- 30 Sep 2019 Liquidation commenced
- 5 Oct 2019 Public announcement
- 29 Oct 2019 Last date for creditors to claim
- 13 Nov 2019 Preliminary report
- 3 Nov 2022 Final report
- 3 Nov 2022 Final report filed with IBBI
- 31 Jul 2023 NCLT order
- 31 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
- Public
- Category
- Company limited by shares
- Sub-category
- Union government company
- Listing
- Unlisted
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Mining and Quarrying
- PIN
- 110020
- Incorporated
- 20 Sep 2013
- Authorised capital
- Rs 500.00 Cr
- Paid-up capital
- Rs 100.00 Cr
- CIN
- U11100DL2013GOI258215
- Registered office
- UNIT NO. 603, 6TH FLOOR, NBCC CENTRE OKHLA PHASE I,NEW DELHI,South Delhi,Delhi,110020-India
Creditors and claims
As the order records them
Creditor approval
approval from Union Bank of India holding more than two-thirds in value of the debt was received vide its letter dated 07.10.2019
Litigation and delays
The frictions the order records
Litigation
no litigation is pending against the company in any Court of Law or Tribunal.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.