Satya Coal Transport 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 11.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 13.00 L |
|---|---|
| Amount due to creditors | Rs 11.00 L |
| Amount paid to creditors | Rs 11.00 L |
| Liquidation expenses | Rs 2.00 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 register1,746 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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI, COURT-III
- Case number
- (IB) – 772 (ND)/2020
- Order date
- 14 Feb 2024
The Present Application stands allowed and the Applicant Company stands dissolved with effect from the date of pronouncement of this order.
What the bench said
The affairs of the Applicant Company have been completely wound up and its assets have been completely liquidated. No liabilities have been left unsatisfied. The Voluntary Liquidation is not with the intent to defraud any person.
Statutory observations
There are no objections raised by the Registrar of Companies as to the Voluntary Liquidation of the Applicant Company.
Why the company wound up
In the order's own words
Termination of certain imperative contracts and the company not carrying on business activities from the past many years.
- What it was set up to do
- To do business of coal loading, coal transportation and allied materials.
- What it was doing by the end
- The company could not continue its business activities in the long run due to termination of certain imperative contracts and was not carrying on business activities from the past many years.
The wind-down, stage by stage
9 dated stages
- 27 Jul 2017 Board resolution to wind up
- 25 Aug 2017 Liquidation commenced
- 27 Aug 2017 Public announcement
- 24 Sep 2017 Last date for creditors to claim
- 7 Oct 2017 Preliminary report
- 10 Jul 2019 Final report filed with the ROC
- 10 Jul 2019 Final report filed with IBBI
- 14 Feb 2024 NCLT order
- 14 Feb 2024 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
- Transport, storage and Communications
- PIN
- 110059
- Incorporated
- 28 Dec 2005
- Authorised capital
- Rs 35.00 L
- Paid-up capital
- Rs 10.00 L
- CIN
- U63090DL2005PTC144134
- Registered office
- E-22NAVADA HOUSING COMPLEX KAKROLA MORE UTTAM NAGAR,NEW DELHI,Delhi,110059-India
Directors named in the order
Mr. Ram Nayan · Mr. Ashok Kumar Saraf · Mr. Rajeshwar Singh Rathore · Mr. Munna Lal
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Capt. Ram Nayan (Retd.) | 3060 | |
| Brig. Rajeshwar Singh (Retd.) | 2970 | |
| Wg. Cdr. A.K. Saraf (Retd.) | 2970 | |
| Ris. Munna Lal (Retd.) | 1000 |
Creditors and claims
As the order records them
Received two claims from stakeholders namely Mr. Ankush Garg amounting to Rs. 8,50,000/- and M/s Neeraj Garg and Co. amounting to Rs. 1,32,800.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.