Onesource India Private 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 9.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.22 Cr |
|---|---|
| Amount due to creditors | Rs 9.00 L |
| Amount paid to creditors | Rs 9.00 L |
| Liquidation expenses | Rs 79.00 L |
| Surplus to members | Rs 34.00 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 register526 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 34.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- CHANDIGARH BENCH, CHANDIGARH
- Case number
- CP (IB) No.09/Vol./Chd/Hry/2020
- Order date
- 6 Jan 2022
applicant Company is hereby dissolved in terms of Section 59(8) of the Insolvency & Bankruptcy Code, 2016 with effect from the date of the present order
What the bench said
The applicant has informed the concerned authorities i.e. IBBI, RoC and Income Tax Department and has also made paper publication in Form-A in two newspapers. The Liquidator has completed the final distribution of assets and has also closed the bank account. The Liquidator has also prepared and submitted the final report to the IBBI and RoC.
Statutory observations
the report under Regulation 38(2) of the IBBI (Voluntary Liquidation Process) Regulations, 2017 has been received and further the Board has no other role in the voluntary liquidation proceedings
Why the company wound up
In the order's own words
the management of the Company did not have any future plans for which the company was formed
- What it was set up to do
- business marketing and other related business support services including studying the Indian market, identifying potential customers and acting as a communication channel for the overseas group company
The wind-down, stage by stage
7 dated stages
- 2 Nov 2018 Declaration of solvency
- 19 Nov 2018 Liquidation commenced
- 23 Nov 2018 Public announcement
- 10 Sep 2020 Final report filed with the ROC
- 10 Sep 2020 Final report filed with IBBI
- 6 Jan 2022 NCLT order
- 6 Jan 2022 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 (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Haryana
- ROC
- ROC Delhi
- Industry
- Business Services
- PIN
- 122002
- Incorporated
- 10 Sep 2009
- Authorised capital
- Rs 5.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U74140HR2009PTC039460
- Registered office
- C/o OneSource Information Services 706, Tower B, Global Business Park, M.G,Road,Gurgaon,Haryana,122002-India
Creditors and claims
As the order records them
there were creditors of the Company for Rs.8,65,998/- only and the same were adequately discharged
Litigation and delays
The frictions the order records
Litigation
no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company
Why it took as long as it did
the liquidation process of corporate person could not be completed within time period of one year as prescribed under Regulation of 37(1) of IBBI (Voluntary Liquidation Process) Regulation, 2017
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.