SMS Plastics Technology 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 4.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 2.80 Cr |
|---|---|
| Amount due to creditors | Rs 4.00 L |
| Amount paid to creditors | Rs 4.00 L |
| Liquidation expenses | Rs 9.00 L |
| Surplus to members | Rs 2.67 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 register1,020 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 2.67 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- New Delhi Bench Court IV
- Case number
- IB/849/ND/2022
- Order date
- 31 Jul 2023
C.P.(IB)/849/ND/2022 stands allowed. Applicant Company shall stand dissolved with effect from the date of pronouncement of this order.
What the bench said
The Liquidator is found to have complied with the statutory provisions to complete the liquidation process. The affairs of the Applicant Company have been completely wound up and its assets have been completely liquidated and no liabilities have been left unsatisfied.
Statutory observations
ROC status report stated that no inquiry/inspection/complaint/legal action has been proceeded/ pending against the Applicant Company. No adverse comments have been received from any statutory authority or from public at large.
Why the company wound up
In the order's own words
- What it was set up to do
- carrying on the business of planning, design, engineering, contracting, manufacture, fabrication, assembly, erection commissioning, repair, supervision at site, hire, sub-contract, import export, purchase, sale and otherwise deal and trade in plants, equipment and spares of all kinds especially related to and including in the field of industrial-plastic processing machinery, injection moulding machinery and execution of related turnkey projects
The wind-down, stage by stage
9 dated stages
- 10 Jan 2019 Board resolution to wind up
- 4 Feb 2019 Liquidation commenced
- 7 Feb 2019 Public announcement
- 18 Mar 2019 Preliminary report
- 28 Oct 2022 Final report
- 28 Oct 2022 Final report filed with the ROC
- 28 Oct 2022 Final report filed with IBBI
- 31 Jul 2023 NCLT order
- 31 Jul 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
- Delhi
- ROC
- ROC Delhi
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 110001
- Incorporated
- 19 Jun 1995
- Authorised capital
- Rs 30.00 Cr
- Paid-up capital
- Rs 22.96 Cr
- CIN
- U29295DL1995PTC166241
- Registered office
- 1A-D, VANDHNA 11, TOLSTOY MARG,NEW DELHI,Central Delhi,Delhi,110001-India
Litigation and delays
The frictions the order records
Litigation
no inquiry/inspection/complaint/legal action has been proceeded/ pending against the Applicant Company
Why it took as long as it did
delay in remittance of proceeds to the non-resident shareholders of the Company due to missing foreign investment documents requiring coordination with IDBI Bank and RBI
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.