Voluntary liquidation · IBC s.59

Onyx Hospitality India Private Limited

CIN · U55101HR2010PTC040058 Company Haryana 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

11 Oct 2023

View process timeline

What did the wind-down return?

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

Assets realised

Rs 24.00 L

Value realised from assets

Paid to creditors

Rs 1.00 L

100.0% of reported dues

Surplus to members

Rs 12.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 4.2%Rs 1.00 L

Expenses · 45.8%Rs 11.00 L

Members · 50.0%Rs 12.00 L

Amount due to creditors: Rs 1.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 24.00 L
Amount due to creditors	Rs 1.00 L
Amount paid to creditors	Rs 1.00 L
Liquidation expenses	Rs 11.00 L
Surplus to members	Rs 12.00 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

Time to dissolve590 days

28 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down45.8% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 24.00 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 12.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: Chandigarh Bench, Chandigarh
Case number: CP(IB)No.20/Chd/Hry/2023
Order date: 11 Oct 2023

11 Oct 2023 · CP(IB)No.20/Chd/Hry/2023 · 10 pages Read the order

Why the company wound up

In the order's own words

What it was set up to do: To carry on the business of owning, running, conducting, or managing hotels, service apartments, motels, holiday resorts, restaurants, conference centers, boarding and lodging houses, time-shares, leisure centers, holiday camps, cafes, clubs, holiday rentals, and rental management, fast food outlets, malls, multiplexes, golf courses, shopping centers, places of entertainment, amusement, recreation, and sport, and any other tourism or hospitality related business in India or abroad.

The wind-down, stage by stage

6 dated stages

590 days to dissolve

1 Feb 2022 Board resolution to wind up
28 Feb 2022 Liquidation commenced
12 Nov 2022 Final report
24 Nov 2022 Final report filed with the ROC
11 Oct 2023 NCLT order
11 Oct 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 shares
Sub-category: Non-government company
Listing: Unlisted
State: Haryana
ROC: ROC Delhi
Industry: Trading
PIN: 122011
Incorporated: 5 Feb 2010
Authorised capital: Rs 8.56 Cr
Paid-up capital: Rs 1.66 Cr
CIN: U55101HR2010PTC040058
Registered office: J-7057, DEVINDER VIHAR SECTOR-56,GURUGRAM,Gurgaon,Haryana,122011-India

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

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