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Voluntary liquidation · IBC s.59

SRP Trade and Equity Private Limited

CIN · U74120DL2008PTC179502 Company Delhi 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

8 Jan 2024

View process timeline

What did the wind-down return?

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

Assets realised
Rs 3.00 L
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 0
A zero surplus is recorded

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 100.0%Rs 3.00 L
Members · 0.0%Rs 0

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 3.00 L
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 3.00 L
Surplus to membersRs 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 register
Time to dissolve713 days

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

Cost of the wind-down100.0% of realisation

the median is 9.5%

Surplus returnedNo

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

SizeRs 3.00 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.

The NCLT order

Read from the document itself

Bench
NEW DELHI, COURT-III
Case number
(IB)–331 (ND)/2023
Order date
8 Jan 2024

Applicant Company shall stand dissolved with effect from the date of pronouncement of this order

What the bench said

Voluntary Liquidator has duly performed his duties and completed necessary formalities; no adverse comments received from statutory authorities; affairs completely wound up and assets completely liquidated; no liabilities left unsatisfied; voluntary liquidation is not with intent to defraud.

Statutory observations

Report of the Registrar of Companies, NCT of Delhi and Haryana dated 23.06.2023 stating E-forms were filed and no inquiry/inspection/complaint/legal action has been proceeded/pending.

8 Jan 2024 · (IB)–331 (ND)/2023 · 9 pages Read the order

Why the company wound up

In the order's own words

shareholders of the Company who were holding 100% of the equity share capital were not interested in continuing the business of the Company as the trading operations of the Company were suspended for a very long time

What it was set up to do
The main objects of the Company as set out in the Memorandum of Association
What it was doing by the end
trading operations of the Company were suspended for a very long time

The wind-down, stage by stage

11 dated stages

713 days to dissolve
  1. 7 Jan 2022 Declaration of solvency
  2. 15 Jan 2022 Board resolution to wind up
  3. 25 Jan 2022 Liquidation commenced
  4. 29 Jan 2022 Public announcement
  5. 7 Mar 2022 Preliminary report
  6. 10 Nov 2022 Final report
  7. 11 Nov 2022 Final report filed with the ROC
  8. 11 Nov 2022 Final report filed with IBBI
  9. 19 Apr 2023 Dissolution application filed
  10. 8 Jan 2024 NCLT order
  11. 8 Jan 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
Business Services
PIN
110002
Incorporated
13 Jun 2008
Authorised capital
Rs 50.00 L
Paid-up capital
Rs 39.50 L
CIN
U74120DL2008PTC179502
Registered office
4735/22, ROOM NO 219, PRAKASH DEEP BUILDING, 2ND FLOOR, DELHI MEDICAL ASSOCIATION ROAD, D,ARYA GANJ,DELHI,Delhi,110002-India

Directors named in the order

Mr. Rajesh Kumar Patni · Mr. Susheel Kumar Jain

Shareholding as the order states it

MemberShares%
Mr. Rajesh Kumar Patni1,17,50029.75%
Ms. Rupali Devi Patni80,00020.25%
Mr. Susheel Kumar Jain1,97,50050%
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Creditors and claims

As the order records them

received no claims from the creditors of the company as Operational Creditors and no claims has been received from the Financial Creditors, Employees, Workmen's and from other creditors.

Litigation and delays

The frictions the order records

Litigation

Notice of hearing dated 01.04.2022 received from ITAT Delhi in Appeal No. ITA 4922/DEL/2019 for A.Y. 2010-11, settled under Direct Tax Vivad se Vishwas Act, 2020 and appeal allowed as withdrawn and dismissed on 21.06.2022.

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

Keep exploring.

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