Tone Engineering 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 11.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 5.00 L |
| Surplus to members | Rs 6.00 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 registerabout the median
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 6.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- BENGALURU BENCH, BENGALURU
- Case number
- C.P. (IB) No.90/BB/2022
- Order date
- 22 Nov 2022
Applicant Company is hereby dissolved with effect from the date of the present order.
What the bench said
the affairs of the corporate person have been completely wound up and its assets have been liquidated and nothing remains to be liquidated.
Why the company wound up
In the order's own words
- What it was set up to do
- carrying on the business of providing consultancy and marketing of hardware and software products, data communication products, information systems, multi-chip modules and related services etc.
The wind-down, stage by stage
11 dated stages
- 17 Mar 2020 Declaration of solvency
- 18 Mar 2021 Liquidation commenced
- 21 Mar 2021 Public announcement
- 16 Apr 2021 Last date for creditors to claim
- 22 Apr 2021 Preliminary report
- 4 Dec 2021 Final report
- 8 Dec 2021 Final report filed with the ROC
- 8 Dec 2021 Final report filed with IBBI
- 6 Jan 2022 Dissolution application filed
- 22 Nov 2022 NCLT order
- 22 Nov 2022 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
- Under Liquidation
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560025
- Incorporated
- 8 Nov 2013
- Authorised capital
- Rs 18.00 L
- Paid-up capital
- Rs 16.27 L
- CIN
- U74900KA2013FTC071740
- Registered office
- Ground Floor, Off Papanna Street L-01, Shilton Heights, St. Marks Road,Bangalore,Bangalore,Karnataka,560025-India
Directors named in the order
Charan Ponnappa · Mandepanda Subbaiah
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 10.99 L
- Total payments
- Rs 10.99 L
- Liquidator fee
- Rs 2.95 L
Receipts
| Balance as on 15th March 2021 15 Mar 2021 | Rs 10.95 L |
|---|---|
| Income Tax Refund | Rs 3,400 |
Payments
| Liquidator fee | Rs 2.95 L |
|---|---|
| Professional fees | Rs 1.42 L |
| News Paper publication charges (no-objection for liquidation) | Rs 39,732 |
| Miscellaneous Expenses | Rs 569 |
| Bank Charges | Rs 2,833 |
| M/s. Tone Trading Company — Sendirian Berhad | Rs 6.17 L |
| Mr. Tan Tiong Kiam | Rs 1,140 |
| Charan Ponnappa | Rs 38 |
Creditors and claims
As the order records them
No claims were received from the Stakeholders in this regard.
Creditor approval
There were no Secured and Unsecured Creditors as on the date of passing the special Resolution
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.