Sekisui Chemical 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
Share of realisationAmount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.56 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 1.53 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 register264 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. Here, Rs 1.53 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI BENCH-VI
- Case number
- CP (IB)-268/ND/2024
- Order date
- 22 Aug 2024
Dissolved with effect from the date of the present order
What the bench said
All statutory requirements under Section 59 of the IBC, 2016 and corresponding regulations under IBBI Regulations, 2017 have been fulfilled, and there is no legal impediment in allowing the prayer for dissolution.
Why the company wound up
In the order's own words
- What it was set up to do
- to market, market survey, manufacture, produce, process, compound, mix, pack, formulate, condense, distill, rectify, sterilize, pasteurize, steam, evaporate, vapourise, cool, filter, commercialize, develop, treat, cure, refine, extract, operate, manipulate, prepare, purify, protect, preserve, disinfect, turn to account, develop & modify all shapes, sizes, varieties, dimensions, decorations, specifications & applications of interlayer films for all types of glasses and glass equipments, and to act as broker, agent, stockholder, consultant, collaborator, wholesaler, seller, exporter, importer, job worker, vendor, contractor, etc.
The wind-down, stage by stage
7 dated stages
- 18 Feb 2022 Declaration of solvency
- 28 Feb 2022 Board resolution to wind up
- 24 Mar 2022 Liquidation commenced
- 26 Mar 2022 Public announcement
- 15 Apr 2024 Final report
- 22 Aug 2024 NCLT order
- 22 Aug 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
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Manufacturing (Metals and Chemicals, and products thereof)
- PIN
- 110017
- Incorporated
- 21 May 2007
- Authorised capital
- Rs 11.00 Cr
- Paid-up capital
- Rs 11.00 Cr
- CIN
- U24233DL2007FTC163675
- Registered office
- 310 A, Rectangle One, D-4 District Centre Saket,New Delhi,Delhi,110017-India
Directors named in the order
Eiji Fukunaga · Nobuharu Takahashi · Yoshiaki Oono
Creditors and claims
As the order records them
Claim received from Assistant Commissioner, GST, Division Malviya Nagar amounting to Rs. 51,89,236/- was rejected by Liquidator vide letter dated 26.08.2022 in pursuance to the CESTAT order dated 12 August 2022.
Litigation and delays
The frictions the order records
Litigation
Service Tax Appeal No. 51163 of 2018 in Commissioner of Goods and Service Tax, Delhi vs Sekisui Chemical India Pvt Ltd decided by Customs, Excise and Service Tax Appellate Tribunal, New Delhi resulting in dismissal of GST department appeal on 12 August 2022.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.