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Voluntary liquidation · IBC s.59

Tri-Star Creative Products Private Limited

CIN · U24111DL1999PTC102723 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

3 Nov 2025

View process timeline

What did the wind-down return?

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

Assets realised
Rs 64.00 L
Value realised from assets
Paid to creditors
Rs 6.00 L
100.0% of reported dues
Surplus to members
Rs 51.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 9.4%Rs 6.00 L
Expenses · 10.9%Rs 7.00 L
Members · 79.7%Rs 51.00 L

Amount due to creditors: Rs 6.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 64.00 L
Amount due to creditorsRs 6.00 L
Amount paid to creditorsRs 6.00 L
Liquidation expensesRs 7.00 L
Surplus to membersRs 51.00 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 register
Time to dissolve599 days

19 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down10.9% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 64.00 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. Here, Rs 51.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
NEW DELHI, COURT - III
Case number
(IB)-227(ND)/2025
Order date
3 Nov 2025

Dissolved

What the bench said

It appears that 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. We are satisfied from the documents on record that the Voluntary Liquidation is not with the intent to defraud any person.

Statutory observations

The Registrar of Companies, NCT of Delhi and Haryana, in its report, has submitted that, as per information received from various internal cells, there is no inquiry, inspection, complaint, or legal action presently pending against the Applicant Company.

3 Nov 2025 · (IB)-227(ND)/2025 · 12 pages Read the order

Why the company wound up

In the order's own words

What it was set up to do
To manufacture, buy, sell, exchange, alter, improve, prepare for market, import, export, trade or otherwise deal in or carry on the business of Art Material Products of all kinds including water colours, poster colours, oil colours, acrylic colours, wax crayons, plastc crayons, oil pastels, modeling clay, hinger paint, creative kits, art games, hobby colours, accessories, charcoal pencils, sketch pens and other stationery items of all types and deal in all kind of raw materials, intermediates, components and compounds required for manufacture of above products and made from or with the use of the intermediates, derivatives and products thereof...

The wind-down, stage by stage

8 dated stages

599 days to dissolve
  1. 13 Mar 2024 Declaration of solvency
  2. 14 Mar 2024 Board resolution to wind up
  3. 14 Mar 2024 Liquidation commenced
  4. 18 Mar 2024 Public announcement
  5. 21 Aug 2024 Preliminary report
  6. 5 Dec 2024 Final report
  7. 3 Nov 2025 NCLT order
  8. 3 Nov 2025 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 (Metals and Chemicals, and products thereof)
PIN
110096
Incorporated
8 Dec 1999
Authorised capital
Rs 1.00 Cr
Paid-up capital
Rs 90.05 L
CIN
U24111DL1999PTC102723
Registered office
UNIT NO.215, SECOND FLOOR, VARDHMAN SUNRIZE PLAZA, PLOT NO-1,LSC,NEAR ABHYANT APPTS,VASUNDH,RA ENCLAVE,DELHI,East Delhi,Delhi,110096-India

Directors named in the order

Samir Jain · Shishir Jain

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

What the company held

Cash & Cash Equivalent

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.

Creditors and claims

As the order records them

Creditor approval

As on the date of commencement of the Voluntary liquidation, there were dues towards the Creditor of the Company standing in the books of the compares, which has been discharged to the satisfaction of creditors.

Litigation and delays

The frictions the order records

Litigation

To the best of the knowledge of the liquidator there is no undischarged matter pending before any court or tribunal of the corporate person as on the date that needs to report to AA.

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

Keep exploring.

See other companies in the voluntary liquidation register.

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