Rosti Technical Plastics (India) 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 4.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 4.00 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 register410 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.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - II, CHENNAI
- Case number
- CP/691/2020
- Order date
- 3 Feb 2022
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved
Why the company wound up
In the order's own words
- What it was set up to do
- To carry on the business in India or elsewhere of manufacturers and dealers, importers and exporters of plastics, plastic materials and plastic goods and all types of metal, PCB, other electronic items, wire, cables switches
The wind-down, stage by stage
8 dated stages
- 18 Mar 2019 Board resolution to wind up
- 4 Apr 2019 Declaration of solvency
- 12 Apr 2019 Liquidation commenced
- 15 Apr 2019 Public announcement
- 23 May 2019 Preliminary report
- 27 Mar 2020 Final report
- 3 Feb 2022 NCLT order
- 3 Feb 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
- Dissolved (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Manufacturing (Metals and Chemicals, and products thereof)
- PIN
- 600095
- Incorporated
- 18 Jun 2008
- Authorised capital
- Rs 31.30 Cr
- Paid-up capital
- Rs 31.30 Cr
- CIN
- U25200TN2008PTC068268
- Registered office
- LAND SHED NO-5 IN SURVEY NO. 418/1 PADASALA ROAD, PKM CROSS STREET, MEL AYY,ANAMBAKKAM,CHENNAI,Chennai,Tamil Nadu,600095-India
Directors named in the order
T.K. Purushothaman
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
The Company had a total Assets and Liabilities of INR 3,95,425/- and has no other assets, other than the Bank Balance as on the date of the commencement of Liquidation.
Creditors and claims
As the order records them
The Employee Provident Fund Organisation submitted its claim in Form B which was paid.
Litigation and delays
The frictions the order records
Litigation
No litigation was pending against the applicant company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.