Pole Star Enterprises 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 2.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 48.00 L |
|---|---|
| Amount due to creditors | Rs 2.00 L |
| Amount paid to creditors | Rs 2.00 L |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 45.00 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 register373 days faster 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
below 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 45.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - II, CHENNAI
- Case number
- CP(IB)/98(CHE)/2023
- Order date
- 19 Jul 2023
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Company have been completely liquidated
Why the company wound up
In the order's own words
it became impossible for them to continue with the operations
- What it was set up to do
- Sales and Services of Construction heavy equipment, agricultural products, Solar Panels, Generator Sets and other allied activities.
The wind-down, stage by stage
9 dated stages
- 15 Nov 2022 Board resolution to wind up
- 15 Nov 2022 Declaration of solvency
- 16 Nov 2022 Liquidation commenced
- 18 Nov 2022 Public announcement
- 20 Mar 2023 Final report
- 24 Mar 2023 Final report filed with IBBI
- 28 Mar 2023 Final report filed with the ROC
- 19 Jul 2023 NCLT order
- 19 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
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Business Services
- PIN
- 600102
- Incorporated
- 3 Jan 2017
- Authorised capital
- Rs 50.00 L
- Paid-up capital
- Rs 50.00 L
- CIN
- U74999TN2017PTC114003
- Registered office
- G BLOCK OLD.NO.91/2, NEW .NO.18/2, 10th STREET ANNA NAGAR EAST,CHENNAI,Chennai,Tamil Nadu,600102-India
Creditors and claims
As the order records them
claims were received from the Operational Creditors in Form - B and the same were admitted after due verification
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.