Voluntary liquidation · IBC s.59

PRTM Management Consultants (India) Private Limited

CIN · U74140KA2005PTC049527 Company Karnataka 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

8 Sep 2023

View process timeline

What did the wind-down return?

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

Assets realised

Rs 7.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 0

A zero surplus is recorded

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 71.4%Rs 5.00 L

Members · 0.0%Rs 0

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 7.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 5.00 L
Surplus to members	Rs 0

"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 dissolve1,449 days

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

Cost of the wind-down71.4% of realisation

the median is 9.5%

Surplus returnedNo

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

SizeRs 7.00 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.

The NCLT order

Read from the document itself

Bench: BENGALURU BENCH, BENGALURU
Case number: C.P.(IB)No.03/BB/2023
Order date: 8 Sep 2023

Dissolved effective order date

What the bench said

the affairs of the Corporate Person have been completely wound up and its assets have been liquidated and nothing remains to be liquidated

8 Sep 2023 · C.P.(IB)No.03/BB/2023 · 5 pages Read the order

Why the company wound up

In the order's own words

What it was set up to do: providing business/management consultancy services in India
What it was doing by the end: The Company disposed its business as a going concern to Pricewaterhouse Coopers Service Delivery Centre (Bangalore) Pvt. Ltd., on 31.03.2015.

The wind-down, stage by stage

12 dated stages

1,449 days to dissolve

27 Aug 2019 Board resolution to wind up
27 Aug 2019 Declaration of solvency
20 Sep 2019 Liquidation commenced
20 Jan 2020 Public announcement
15 Feb 2020 Last date for creditors to claim
20 Feb 2020 Preliminary report
27 Oct 2022 Final report
17 Nov 2022 Final report filed with IBBI
18 Nov 2022 Final report filed with the ROC
22 Nov 2022 Dissolution application filed
8 Sep 2023 NCLT order
8 Sep 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: Business Services
PIN: 560001
Incorporated: 26 Aug 2005
Authorised capital: Rs 4.00 Cr
Paid-up capital: Rs 44.22 L
CIN: U74140KA2005PTC049527
Registered office: Hulkul Brigade Center, 2nd & 3rd Floor, South Wing, # 82 Lavelle Road,,Bangalore,Bangalore,Karnataka,560001-India

Shareholding as the order states it

Member	Shares	%
PricewaterhouseCooopers Business Services LLC, USA and its nominee	442199

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 receipts: Rs 7.45 L
Total payments: Rs 7.45 L

Receipts

Balance as at the beginning of the period (September 20th, 2019	Rs 7.45 L

Payments

Bank Charges	Rs 37
MCA filing fees (Reimbursed to M/s. Pradeep Purwar & Associates)	Rs 3,000
TDS dues for AY 2009 -10; AY 2010-11; AY 2008 -09; and 2019 -20	Rs 5.96 L
TDS Demand for AY 2013-14	Rs 1.42 L
Liquidation Costs and reimbursements	Rs 3,477
Balance as at the close of the period NIL	Rs 0

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.

Litigation and delays

The frictions the order records

Litigation

No litigation is pending against the Petitioner Company.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

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