Penske Supply Chain Solutions 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 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 4.16 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 1.29 Cr |
| Surplus to members | Rs 2.87 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 registerabout the median
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 2.87 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - I, CHENNAI
- Case number
- CP(IB)/67/(CHE)/2023
- Order date
- 26 Jul 2023
Dissolved effective order date
What the bench said
affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated
Why the company wound up
In the order's own words
business operations of the company has been discontinued and non operational since 2019
- What it was set up to do
- To engage in distribution center management, transportation management, and general supply chain and logistics services
- What it was doing by the end
- discontinued and non operational since 2019
The wind-down, stage by stage
5 dated stages
- 24 Sep 2021 Board resolution to wind up
- 18 Nov 2021 Liquidation commenced
- 1 Jan 2022 Preliminary report
- 26 Jul 2023 NCLT order
- 26 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
- Private
- Category
- Company limited by shares
- Sub-category
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Transport, storage and Communications
- PIN
- 600008
- Incorporated
- 25 Sep 2014
- Authorised capital
- Rs 1.55 Cr
- Paid-up capital
- Rs 93.78 L
- CIN
- U60200TN2014FTC097509
- Registered office
- NO. 39/17, SAIT COLONY FIRST ST, LANDMARK BUILDING 5TH FLOOR, EGMORE,CHENNAI,Chennai,Tamil Nadu,600008-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Penske Logistics LLC | 99.99 | |
| Penske Truck Leasing Company | 0.01 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total payments
- Rs 4.16 Cr
- Liquidation cost
- Rs 1.29 Cr
Payments
| Liquidation Cost | Rs 1.29 Cr |
|---|---|
| Equity Shareholders | Rs 2.87 Cr |
Creditors and claims
As the order records them
no claim application filed before the Applicant
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.