Rajiv Sachdeva Cargo Agency 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 1.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 25.00 L |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 21.00 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 register672 days slower 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 21.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- COURT VI, NEW DELHI
- Case number
- IB-307/ND/2022
- Order date
- 10 Mar 2023
Dissolved U/s 59 of IBC, 2016 with effect from the date of the present order
What the bench said
In view of the foregoing steps taken and the satisfaction accorded by the Liquidator by way of the present application, there is no legal impediment in allowing the prayer of the applicant.
Statutory observations
Registrar of Companies filed a report dated 12.08.2022 and appeared through AR stating no objection.
Why the company wound up
In the order's own words
as there were no operations and activities in the Company
- What it was set up to do
- cargo agnecy services
The wind-down, stage by stage
10 dated stages
- 21 Aug 2019 Board resolution to wind up
- 28 Aug 2019 Liquidation commenced
- 31 Aug 2019 Public announcement
- 27 Sep 2019 Last date for creditors to claim
- 10 Oct 2019 Preliminary report
- 1 Feb 2022 Final report
- 18 Oct 2022 Declaration of solvency
- 5 Dec 2022 Last hearing
- 10 Mar 2023 NCLT order
- 10 Mar 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
- Delhi
- ROC
- ROC Delhi
- Industry
- Business Services
- PIN
- 110037
- Incorporated
- 10 May 1991
- Authorised capital
- Rs 3.00 L
- Paid-up capital
- Rs 1.20 L
- CIN
- U74899DL1991PTC044313
- Registered office
- A-97 STREET MP-9ROAD NO-4 MAHIPAL PUR,NEW DELHI,Delhi,110037-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
The Corporate Person had only balance in its bank account
Creditors and claims
As the order records them
No claims received
Litigation and delays
The frictions the order records
Why it took as long as it did
liquidation could not be completed within the twelve months of the Liquidation commencement date due to COVID-19
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.