VSK Holdings 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 20.24 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 1.90 Cr |
| Surplus to members | Rs 18.33 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 register1,210 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
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 18.33 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Bengaluru Bench, Bengaluru
- Case number
- C.P. (IB) No. 26/BB/2025
- Order date
- 26 Jun 2025
Dissolved with effect from order date
What the bench said
On examination of submissions and documents, the affairs of the Applicant have been completely wound up and its assets have been completely liquidated, deserving dissolution.
Statutory observations
RoC Karnataka filed Status Report on 06.06.2025 stating no enquiry/inspection/complaint/legal action is pending against the Applicant.
The wind-down, stage by stage
13 dated stages
- 15 Jun 2020 Board resolution to wind up
- 15 Jun 2020 Declaration of solvency
- 24 Jun 2020 Liquidation commenced
- 25 Jun 2020 Public announcement
- 24 Jul 2020 Last date for creditors to claim
- 6 Aug 2020 Preliminary report
- 28 Jun 2024 Final report
- 4 Jul 2024 Final report filed with the ROC
- 4 Jul 2024 Final report filed with IBBI
- 21 Aug 2024 Dissolution application filed
- 12 Jun 2025 Last hearing
- 26 Jun 2025 NCLT order
- 26 Jun 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
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Finance
- PIN
- 560052
- Incorporated
- 11 Jun 2012
- Authorised capital
- Rs 4.00 Cr
- Paid-up capital
- Rs 3.00 Cr
- CIN
- U65900KA2012PTC064328
- Registered office
- EMBASSY STAR, 7TH FLOOR, NO 8, PALACE ROAD, VASANTHNAGAR,BANGALORE,Karnataka,560052-India
Creditors and claims
As the order records them
No claims received except from shareholders and promoters on 22.07.2020 and 23.07.2020 from Late Mr. Vikram S. Kirloskar, Mrs. Geetanjali V. Kirloskar and Mrs. Manasi Neville Tata, which were verified and admitted.
Litigation and delays
The frictions the order records
Why it took as long as it did
One current account (Kotak Mahindra Bank Limited) could not be closed earlier as income tax refund amount of Rs.26,32,446 relating to Assessment Year 2020-21 was received only on 20.01.2024.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.