Sandrome Projects 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 17.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 15.00 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 register304 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
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 15.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Bengaluru Bench
- Case number
- C.P.No.80/BB/2020
Dissolved with immediate effect
What the bench said
The Corporate Person had not conducted any business or operations in the last 2 years and promoters see no further scope. All conditions and procedural requirements under IBC, 2016 and Regulations, 2017 have been complied with.
Statutory observations
The Liquidator has complied with all the conditions and procedural requirements as specified under various provisions of Section 59 of the Insolvency and Bankruptcy Code, 2016 and of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
Why the company wound up
In the order's own words
no business operations in the company for the last two years and the Promoters of the Company also see any scope in the Company
- What it was set up to do
- carry on the business of acquire land on lease or purchase or otherwise carry on the business to construct, execute, carryout, improve, work, develop buildings, townships, apartments, houses
- What it was doing by the end
- no business operations in the company for the last two years
The wind-down, stage by stage
8 dated stages
- 5 Aug 2019 Board resolution to wind up
- 7 Aug 2019 Liquidation commenced
- 10 Aug 2019 Public announcement
- 18 Sep 2019 Preliminary report
- 17 Feb 2020 Final report
- 17 Feb 2020 Final report filed with the ROC
- 17 Feb 2020 Final report filed with IBBI
- 16 Jun 2020 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
- Real Estate and Renting
- PIN
- 560011
- Incorporated
- 3 Jul 2015
- Authorised capital
- Rs 50.00 L
- Paid-up capital
- Rs 15.00 L
- CIN
- U70100KA2015PTC081365
- Registered office
- NO. 805, 35TH 'C' CROSS, 9TH MAIN 4TH BLOCK, JAYANAGAR,BANGALORE,Bangalore,Karnataka,560011-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
The Company not have any assets that were to be realised except the Bank Balance.
Unclaimed proceeds
there are no unclaimed proceeds of liquidation or undistributed assets
Creditors and claims
As the order records them
no claims were received by the Applicant
Creditor approval
The Company did not owe any debts to any person at the commencement of the winding up of the Company, therefore securing consent of creditors representing two-thirds in value of debt of the Company to the special resolution passed within 7 days as to the Company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.