Rushil Constructions (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 17.87 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 17.86 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 register140 days faster 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. Here, Rs 17.86 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- BENGALURU BENCH, BENGALURU
- Case number
- C.P (IB) No. 117/BB/2021
- Order date
- 25 Mar 2022
Applicant Company is hereby dissolved with effect from the date of the present order.
What the bench said
Necessary compliances of Section 59 and other relevant provisions of the IBC, 2016 r/w. Regulations have been made within 12 months from the date of commencement of the liquidation proceedings.
Statutory observations
The liquidator has produced the report of Income Tax Department dated 04.08.2021 stating that there are no outstanding demand against the company.
Why the company wound up
In the order's own words
The company sold its premises, had no property, plant and equipment, no employees on its rolls, and no plans to revive its business operations.
- What it was set up to do
- To carry on business as manufacturers and suppliers of and trading in building components such as ready mixed concrete, lightweight cellular reinforced autoclaved concrete slabs and blocks for floors, walls and roofs and prestressed precast segments, reinforced concrete building components and any other such materials related thereto etc.
- What it was doing by the end
- The Company had no property, plant and equipment nor any employees on its rolls, and no plans to revive its business operations.
The wind-down, stage by stage
10 dated stages
- 14 Oct 2019 Board resolution to wind up
- 19 Nov 2020 Declaration of solvency
- 2 Dec 2020 Liquidation commenced
- 3 Dec 2020 Public announcement
- 31 Dec 2020 Last date for creditors to claim
- 15 Jan 2021 Preliminary report
- 15 Oct 2021 Final report filed with the ROC
- 15 Oct 2021 Final report filed with IBBI
- 25 Mar 2022 NCLT order
- 25 Mar 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
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Construction
- PIN
- 560102
- Incorporated
- 4 May 2007
- Authorised capital
- Rs 69.00 Cr
- Paid-up capital
- Rs 51.74 Crorder says Rs 51.81 Cr
- CIN
- U45400KA2007PTC127672
- Registered office
- No376,Trinity Square Building Right Wing,4th Floor 14th B Cross, 5th Main, Sector-6, HSR La,yout,Bangalore,Bangalore,Karnataka,560102-India
Directors named in the order
Preamakanthan D Kanapathy · Guna Segaran Alagappan
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 no property, plant and equipment nor any employees on its rolls.
Unclaimed proceeds
There were no unclaimed dividends and undistributed proceeds in the Liquidation process.
Creditors and claims
As the order records them
Till the date of this application there were no claims received from any of the stakeholders.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.