Prasheel Estates 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 3.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 1.00 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 register15 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 1.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- SPECIAL BENCH, BENGALURU
- Case number
- C.P.(IB)No.39/BB/2023
- Order date
- 21 Apr 2023
Notice issued to Registrar of Companies and IBBI; case listed for 16.06.2023
What the bench said
Petitioner directed to file Bank Statement/Record of Business for the previous two years before commencement of liquidation.
The wind-down, stage by stage
4 dated stages
- 1 Dec 2021 Liquidation commenced
- 21 Apr 2023 Last hearing
- 21 Apr 2023 NCLT order
- 27 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
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Agriculture and Allied Activities
- PIN
- 560001
- Incorporated
- 5 May 1987
- Authorised capital
- Rs 5.00 L
- Paid-up capital
- Rs 2.00 L
- CIN
- U01130KA1987PTC008333
- Registered office
- NO. 205/206, EMBASSY CHAMBERS, NO. 5, VITTAL MALYA ROAD,BANGALORE,Karnataka,560001-India
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.