Trimas Global Sourcing Operations and Supply 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 33.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 22.00 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 register957 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 - I, CHENNAI
- Case number
- CP(IB)/99(CHE)/2023
- Order date
- 17 Nov 2023
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved
Statutory observations
No objection letter dated 18.12.2019 was received from Income Tax Department.
Why the company wound up
In the order's own words
ceased the business operations since last few years and the Board of Directors did not visualize any fresh or sustainable business for the future
- What it was set up to do
- identifying suppliers for all of group companies commodities categories including Commercial, Market Research, Request for Quotations, floating tenders and managing sourcing projects
- What it was doing by the end
- provide assistance to Trimas Corporation, USA and its associates in identifying suppliers in and around India based on specific sourcing requirements
The wind-down, stage by stage
11 dated stages
- 10 Jul 2019 Board resolution to wind up
- 15 Jul 2019 Declaration of solvency
- 26 Jul 2019 Liquidation commenced
- 31 Jul 2019 Public announcement
- 25 Aug 2019 Last date for creditors to claim
- 9 Sep 2019 Preliminary report
- 28 Apr 2023 Final report
- 28 Apr 2023 Final report filed with the ROC
- 28 Apr 2023 Final report filed with IBBI
- 17 Nov 2023 NCLT order
- 17 Nov 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
- Business Services
- PIN
- 600035
- Incorporated
- 16 Sep 2010
- Authorised capital
- Rs 50.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U74900TN2010PTC077375
- Registered office
- New No.19, 1st Floor, Playground View street, Nandanam Extensi,on,Chennai,Chennai,Tamil Nadu,600035-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members
| Equity Share holders | Rs 11.85 L |
|---|
What the company held
cash and bank balance and no other assets
Creditors and claims
As the order records them
As no claims were received, List of Stakeholders under Regulation 30 was not prepared.
Creditor approval
Company did not have any creditors
Litigation and delays
The frictions the order records
Litigation
no litigation was pending against the applicant company
Why it took as long as it did
due to lockdown and for completion of KYC formalities, it took a quite long time
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.