Venkateshwara Realteck 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 286.93 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 10.00 L |
| Surplus to members | Rs 286.83 Cr |
"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 register330 days faster 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
above 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 286.83 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- BENGALURU BENCH
- Case number
- CP (IB) No.135/BB/2022
- Order date
- 7 Dec 2023
IA No 626 of 2023 is hereby disposed of.
What the bench said
The liquidator has to execute the draft Distribution Deed in pursuance to the Order dated 16.11.2022, and to complete the registration process within a period of 30 days from the date of receipt of copy of this Order; The jurisdictional Sub-Registrar is hereby directed to complete the registration process of the immovable property distributed to the shareholders consequent to this Order, and the Applicant company shall be deemed to be dissolved on completion of this registration process.
Statutory observations
ROC submitted status report vide Diary No.3835 dated 09.09.2022
Why the company wound up
In the order's own words
- What it was set up to do
- Carrying on the business of real estate services and building completion and other allied construction and repair services
The wind-down, stage by stage
11 dated stages
- 25 Jan 2022 Board resolution to wind up
- 1 Feb 2022 Declaration of solvency
- 1 Feb 2022 Liquidation commenced
- 3 Feb 2022 Public announcement
- 7 Mar 2022 Preliminary report
- 30 Mar 2022 Last date for creditors to claim
- 5 Jun 2022 Final report
- 5 Jun 2022 Final report filed with the ROC
- 6 Jun 2022 Final report filed with IBBI
- 16 Nov 2022 Dissolved
- 7 Dec 2023 NCLT order
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 (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Construction
- PIN
- 560047
- Incorporated
- 28 Jul 2021
- Authorised capital
- Rs 288.00 Crorder says Rs 2,880.10 Cr
- Paid-up capital
- Rs 287.00 Cr
- CIN
- U45400KA2021PTC150026
- Registered office
- # 35, Chetana 3rd Main, Ashwini Layout, Ejipura,Bangalore,Bangalore,Karnataka,560047-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 13.50 L
- Total payments
- Rs 13.50 L
- Liquidator fee
- Rs 7.67 L
- Liquidation cost
- Rs 1.89 L
Receipts
| Opening Bank Balance 9 Feb 2022 | Rs 13.50 L |
|---|
Payments
| Liquidator’s Fee | Rs 7.67 L |
|---|---|
| Liquidation expenses | Rs 1.89 L |
| Payment to members | Rs 3.94 L |
What the company held
Survey No. 10 (P) measuring 3 Acres 25 Guntas, Survey No. 11 measuring 5 Acres, 35 Guntas, Survey No. 12 measuring 6 Acres 26 Guntas, and Survey No. 13 measuring 6 Acres and 9 Guntas All situated on NITTE Meenakshi College Road, Govindapura Village, Yelanhanka Hobli, Bangalore -560064.
Creditors and claims
As the order records them
The liquidator did not receive any claim from the stakeholders.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.