Sumitomo Construction Machinery 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 29.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 17.00 L |
| Surplus to members | Rs 12.00 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 register404 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
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 12.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - II, CHENNAI
- Case number
- CP(IB)/160(CHE)/2022
- Order date
- 19 Jul 2023
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Company have been completely liquidated and as such the Company deserves to be dissolved
Why the company wound up
In the order's own words
realise the share capital invested into the company as they felt that the operations of the Company would not be foreseeable nature
- What it was set up to do
- carrying on the business of manufacturing, fabrication, assembling, repairing, servicing, alteration etc., of all types of machinery, parts and appliances for the construction, excavation and road industry
The wind-down, stage by stage
9 dated stages
- 23 Sep 2020 Board resolution to wind up
- 23 Sep 2020 Declaration of solvency
- 30 Sep 2020 Liquidation commenced
- 5 Oct 2020 Public announcement
- 11 May 2022 Final report
- 11 May 2022 Final report filed with the ROC
- 11 May 2022 Final report filed with IBBI
- 19 Jul 2023 NCLT order
- 19 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 600034
- Incorporated
- 27 Aug 2008
- Authorised capital
- Rs 5.00 Cr
- Paid-up capital
- Rs 3.50 Cr
- CIN
- U29240TN2008PTC069052
- Registered office
- 44/38, Veerabadran Street, Ist Floor Nungambakkam,Chennai,Chennai,Tamil Nadu,600034-India
Creditors and claims
As the order records them
no claims were received by the Applicant during the process of liquidation
Litigation and delays
The frictions the order records
Litigation
no investigation proceedings are pending or against the Company under any provisions of the Companies Act, 2013
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.