Rapid Scan Systems 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
Reported amountsAmount due to creditors: Rs 4.77 Cr. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 4.80 Cr |
|---|---|
| Amount due to creditors | Rs 4.77 Cr |
| Amount paid to creditors | Rs 4.77 Cr |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Not reported |
"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 register191 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
above 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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- Chennai, Division Bench - I
- Case number
- CP(IB)/137(CHE)/2022
- Order date
- 9 Dec 2022
Company shall be dissolved
What the bench said
The affairs of the Company have been completely wound up and its assets have been completely liquidated.
The wind-down, stage by stage
9 dated stages
- 21 Sep 2020 Board resolution to wind up
- 21 Sep 2020 Liquidation commenced
- 26 Sep 2020 Public announcement
- 22 Oct 2020 Last date for creditors to claim
- 9 May 2022 Final report
- 9 May 2022 Final report filed with the ROC
- 9 May 2022 Final report filed with IBBI
- 9 Dec 2022 NCLT order
- 9 Dec 2022 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
- Under Liquidation
- Company class
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Community, personal and Social Services
- PIN
- 600061
- Incorporated
- 21 Oct 1993
- Authorised capital
- Rs 6.00 Cr
- Paid-up capital
- Rs 2.98 Cr
- CIN
- U85110TN1993PLC026064
- Registered office
- B-2, First Street, Lakshmi Nagar Next to BSNL, Nanganallur,Chennai,Chennai,Tamil Nadu,600061-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Three residential flats
Creditors and claims
As the order records them
Ten claims received from shareholders; ESIC claim of 2,50,388/- and EPFO claim of 43,589/- which were subsequently withdrawn.
Litigation and delays
The frictions the order records
Why it took as long as it did
Delay in completion of the liquidation process beyond 12 months
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.