Voluntary liquidation · IBC s.59

Perfect Plascon Private Limited

CIN · U36999PB2020PTC050628 Company Punjab 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

1 Aug 2025

View process timeline

What did the wind-down return?

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

Assets realised

Rs 1.39 Cr

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 1.35 Cr

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 2.9%Rs 4.00 L

Members · 97.1%Rs 1.35 Cr

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 1.39 Cr
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 4.00 L
Surplus to members	Rs 1.35 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 register

Time to dissolve1,079 days

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

Cost of the wind-down2.9% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 1.39 Cr

above 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 1.35 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: Chandigarh Bench (Court-II), Chandigarh
Case number: CP(IB)No.304/Chd/Pb/2023
Order date: 1 Aug 2025

Corporate Person shall stand dissolved from the date of this Order.

What the bench said

The Voluntary Liquidation process has been completed as per the provisions of the Code and Regulations, and the affairs of the Company and its assets have been completely liquidated.

Statutory observations

RoC submitted that no inquiry/legal action/inspection/complaint has been pending against the Company. IBBI has no observation against the dissolution.

1 Aug 2025 · CP(IB)No.304/Chd/Pb/2023 · 13 pages Read the order

Why the company wound up

In the order's own words

What it was set up to do: The primary objective of the Company was to conduct the business of manufacturing plastic products, including industrial and durable goods.

The wind-down, stage by stage

10 dated stages

1,079 days to dissolve

6 Aug 2022 Board resolution to wind up
6 Aug 2022 Declaration of solvency
18 Aug 2022 Liquidation commenced
21 Aug 2022 Public announcement
17 Sep 2022 Last date for creditors to claim
30 Sep 2022 Preliminary report
10 Aug 2023 Final report
17 Aug 2023 Dissolution application filed
1 Aug 2025 NCLT order
1 Aug 2025 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: Punjab
ROC: ROC Chandigarh
Industry: Manufacturing (Others)
PIN: 144021
Incorporated: 20 Jan 2020
Authorised capital: Rs 2.00 Cr
Paid-up capital: Rs 1.81 Cr
CIN: U36999PB2020PTC050628
Registered office: INDUSTRIAL PLOT NO. 28, KAPURTHALA ROAD, WARIANA INDUSTRIAL COMPLEX,JALANDHAR,Jalandhar,Punjab,144021-India

Directors named in the order

Sugam Gupta · Sulabh Gupta · Pooja Gupta · Pooja Gupta · Ranjna Gupta

Shareholding as the order states it

Member	Shares	%
Sugam Gupta	652500	36.04
Sulabh Gupta	652500	36.04
Pooja Gupta	152500	8.43
Pooja Gupta	152500	8.43
Ranjna Gupta	200000	11.06

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

Total payments: Rs 3.98 L
Liquidator fee: Rs 3.00 L
Liquidation cost: Rs 3.98 L

Payments

Publication Expenses	Rs 8,500
Fees paid to Sh. Madan Lal Aggarwal, Liquidator	Rs 3.00 L
Fees to Advocate Karanveer Jindal	Rs 25,000
Fees paid to Auditor S.K. Gupta & Co.	Rs 20,500
Fees Paid for Taxation Matters to S.K. Gupta & Co.	Rs 10,000
Traveling expenses from Chandigarh to Jalandhar & Back	Rs 28,550
Accounting charges for Book Writing	Rs 5,000
Misc. Expenses	Rs 375
Bank Charges	Rs 1

Distributed to members

Sugam Gupta	Rs 48.05 L
Sulabh Gupta	Rs 48.05 L
Ranjna Gupta	Rs 14.73 L
Pooja Gupta	Rs 11.23 L

return of capital

What the company held

All assets of the Corporate Person have been disposed of.

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

Claims were admitted on 30.09.2022.

Creditor approval

The Company has received the NOC from the creditor of the Company, i.e., Sulabh Gupta, who has an outstanding amount of Rs. 1,75,000.00 as on 18.08.2022