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RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
Voluntary liquidation · IBC s.59

Wadia BSN India Limited

CIN · U74999MH1991PLC059856 Company Maharashtra MCA · Dissolved

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

7 Apr 2022

View process timeline

What did the wind-down return?

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

Assets realised
Rs 2.34 Cr
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 2.14 Cr
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 8.1%Rs 19.00 L
Members · 91.5%Rs 2.14 Cr

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 2.34 Cr
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 19.00 L
Surplus to membersRs 2.14 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 register
Time to dissolve1,760 days

1,142 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down8.1% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 2.34 Cr

above 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 2.14 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
Mumbai, Court V
Case number
C.P.(IB) 4497/MB/2019
Order date
7 Apr 2022

Dissolved

7 Apr 2022 · C.P.(IB) 4497/MB/2019 · 6 pages Read the order

The wind-down, stage by stage

8 dated stages

1,760 days to dissolve
  1. 12 Jun 2017 Liquidation commenced
  2. 16 Jun 2017 Declaration of solvency
  3. 18 Jun 2017 Public announcement
  4. 15 Jul 2017 Preliminary report
  5. 28 Dec 2018 Final report
  6. 28 Dec 2018 Final report filed with the ROC
  7. 7 Apr 2022 NCLT order
  8. 7 Apr 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
Dissolved
Company class
Public
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
State
Maharashtra
ROC
ROC Mumbai
Industry
Business Services
PIN
400070
Incorporated
17 Jan 1991
Authorised capital
Rs 5.00 Cr
Paid-up capital
Rs 1.00 Cr
CIN
U74999MH1991PLC059856
Registered office
OFF NO - 1, 3RD FLOOR,CENTRIUM BUILDING,L B S ROAD VILLAGE KURLA,NR PHOENIX MARKET CITY MAL,L, KURLA W,MUMBAI,Mumbai City,Maharashtra,400070-India

Directors named in the order

Bertrand Elie Lucien Louis Austruy · Christophe Didier Bombled · Alison Wheldon Hughes · Michele Anne Marie Larrieu · Christine Jeanne Suzanne Flamand · Magdalena Broseta Solano · Gregory Gerard Raymond David

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

Distributed to members

Danone S.A.Rs 1.07 Cr
Gregory Raymond DavidRs 17
Alison Wheldon HughesRs 17
Bertrand Elie LucienRs 17
Christophe Didier BombledRs 17
Kaioz Dara NalladaruRs 17
Nowrosjee Wadia and Sons Limited (Successor to N.W. Exports Limited as per merger order)Rs 1.07 Cr
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

No claims were received

Litigation and delays

The frictions the order records

Litigation

There are no litigations for or against the corporate person

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

Keep exploring.

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