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Voluntary liquidation · IBC s.59

RAD MRO Manufacturing Pvt. Ltd.

CIN · U03220KA1997PTC022152 Company Karnataka MCA · Dissolved (Liquidated)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

1 Jan 2019

View process timeline

What did the wind-down return?

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

Assets realised
Rs 3.88 Cr
Value realised from assets
Paid to creditors
Not reported
Creditor payout recorded
Surplus to members
Rs 3.38 Cr
Reported surplus amount

Where the money went

Reported amounts
Some financial figures are missing. A complete proceeds split is not available.
CreditorsNot reported
ExpensesRs 50.00 L
MembersRs 3.38 Cr

Creditor dues are not reported, so the payout cannot be assessed against them.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 3.88 Cr
Amount due to creditorsNot reported
Amount paid to creditorsNot reported
Liquidation expensesRs 50.00 L
Surplus to membersRs 3.38 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 dissolve519 days

99 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down12.9% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 3.88 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 3.38 Cr in surplus was returned to members.

The wind-down, stage by stage

2 dated stages

519 days to dissolve
  1. 31 Jul 2017 Liquidation commenced
  2. 1 Jan 2019 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 (Liquidated)
Company class
Private
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
State
Karnataka
ROC
ROC Bangalore
Industry
Others
PIN
560054
Incorporated
23 Apr 1997
Authorised capital
Rs 2.00 Cr
Paid-up capital
Rs 1.48 Cr
CIN
U03220KA1997PTC022152
Registered office
#6, NEW BEL ROAD CHIKKAMARANAHALLI,BANGALORE,Bangalore,Karnataka,560054-India
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

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

Keep exploring.

See other companies in the voluntary liquidation register.

All voluntary liquidations