Shri Karpaga Vinayagar Movers 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 33.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 31.00 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 register175 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 31.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH–I, CHENNAI
- Case number
- CP(IB)/73/CHE/2024
- Order date
- 31 May 2024
The Company stands dissolved.
What the bench said
the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.
Statutory observations
Insolvency Professional handling voluntary liquidation process is not required to seek any NOC/NDS from Income Tax Department.
Why the company wound up
In the order's own words
- What it was set up to do
- to carry on the business as shipping, clearing, forwarding and warehousing agents, freight forwarders, steamer agents, freight brokers, logistics, non-vessel owned container, etc,
- What it was doing by the end
- The Company discontinued its business operations with effect from 01st April, 2022.
The wind-down, stage by stage
10 dated stages
- 7 Mar 2023 Board resolution to wind up
- 15 Mar 2023 Liquidation commenced
- 17 Mar 2023 Public announcement
- 26 Apr 2023 Preliminary report
- 2 Jan 2024 Final report
- 11 Jan 2024 Final report filed with the ROC
- 11 Jan 2024 Final report filed with IBBI
- 31 May 2024 Last hearing
- 31 May 2024 NCLT order
- 31 May 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Transport, storage and Communications
- PIN
- 600048
- Incorporated
- 12 Jul 2005
- Authorised capital
- Rs 15.00 L
- Paid-up capital
- Rs 15.00 L
- CIN
- U63090TN2005PTC056911
- Registered office
- 1/571, GST Road, Vandalur,Chennai,Chennai,Tamil Nadu,600048-India
Creditors and claims
As the order records them
the liquidator has not received claims from any creditor/stakeholders till the date of this Application.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.