Voluntary liquidation · IBC s.59

OWC APAC Private Limited

CIN · U74999DL2016FTC298563 Company Delhi 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 Jun 2024

View process timeline

What did the wind-down return?

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

Assets realised

Rs 45.00 L

Value realised from assets

Paid to creditors

Rs 11.00 L

100.0% of reported dues

Surplus to members

Rs 12.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 24.4%Rs 11.00 L

Expenses · 48.9%Rs 22.00 L

Members · 26.7%Rs 12.00 L

Amount due to creditors: Rs 11.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 45.00 L
Amount due to creditors	Rs 11.00 L
Amount paid to creditors	Rs 11.00 L
Liquidation expenses	Rs 22.00 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 dissolve1,901 days

1,283 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down48.9% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 45.00 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: NEW DELHI, COURT-III
Case number: (IB) –904(ND)/2020
Order date: 11 Jun 2024

The Present Application stands allowed and the Applicant Company is ordered to be dissolved.

Statutory observations

As per the data available and maintained no inquiry/ inspection /complaint/legal action has been proceeded/ pending against the Applicant Company.

11 Jun 2024 · (IB) –904(ND)/2020 · 10 pages Read the order

Why the company wound up

In the order's own words

Due to the non-availability of business prospects and long-term financial resources, it has been financially not viable to carry on the business activities of the Company.

What it was set up to do: To carry on the business of providing support services, undertake sales, buy, sell, import, distribution and marketing of all kinds, consultancy, mapping data processing and content development, business development or any other relevant activities to be used for technology system up gradation in India and/or other parts of the world.
What it was doing by the end: There were no significant business operations made by the Applicant Company in the financial year 2018-2019

The wind-down, stage by stage

7 dated stages

1,901 days to dissolve

14 Mar 2019 Declaration of solvency
22 Mar 2019 Board resolution to wind up
29 Mar 2019 Liquidation commenced
3 Apr 2019 Public announcement
28 Apr 2019 Last date for creditors to claim
11 Jun 2024 NCLT order
11 Jun 2024 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: subsidiary of company incorporated outside India
Listing: Unlisted
State: Delhi
ROC: ROC Delhi
Industry: Business Services
PIN: 110009
Incorporated: 26 Apr 2016
Authorised capital: Rs 50.00 L
Paid-up capital: Rs 45.00 L
CIN: U74999DL2016FTC298563
Registered office: House No.22A, Floor 2nd Block G-3 Model Town New Delhi,New Delhi,New Delhi,Delhi,110009-India

Directors named in the order

Mr. Lawrence Richard O'Connor · Mr. Jennifer Ellen Soule · Ms. Deepa Gupta

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

The money, as the order printed it

Rs as stated in the document — not the crore figures above

What the company held

The Company does not have any Tangible Assets which was required to be disposed of and realized.

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.

Creditors and claims

As the order records them

Creditor approval

On March 29, 2019 and July 16, 2019, the Creditors of the Company has provided their consent confirming the special resolution passed by the Members of the Company for the Voluntary Liquidation.