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Voluntary liquidation · IBC s.59

Shilpa Plantation Private Limited

CIN · U01131KA1997PTC023218 Company Karnataka MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

27 Sep 2023

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised
Rs 5.00 L
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 1.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 80.0%Rs 4.00 L
Members · 20.0%Rs 1.00 L

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 5.00 L
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 4.00 L
Surplus to membersRs 1.00 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 register
Time to dissolve665 days

47 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down80.0% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 5.00 L

below the median realisation of Rs 66.00 L

Reading this record

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 1.00 L in surplus was returned to members.

The wind-down, stage by stage

2 dated stages

665 days to dissolve
  1. 1 Dec 2021 Liquidation commenced
  2. 27 Sep 2023 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
Karnataka
ROC
ROC Bangalore
Industry
Agriculture and Allied Activities
PIN
560001
Incorporated
29 Dec 1997
Authorised capital
Rs 5.00 L
Paid-up capital
Rs 4.00 L
CIN
U01131KA1997PTC023218
Registered office
NO.13 SKANDA,Vittal Mallya Road,Bangalore,Karnataka,560001-India
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

See other companies in the voluntary liquidation register.

All voluntary liquidations