Afchem Distribution 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 1.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 4.00 L |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Rs 0 |
"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 register71 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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- SPECIAL BENCH - I, CHENNAI
- Case number
- CP(IB)/171(CHE)/2022
- Order date
- 12 Jun 2023
Dissolved
What the bench said
affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated
Why the company wound up
In the order's own words
due to non - availability of business prospect and long terms financial resources, it is not financially viable to carry on the business activities of the Company
- What it was set up to do
- to buy, sell, import, trade or otherwise deal or manufacture, produce, refine, process, formulate in all type of heavy and light chemicals, chemical elements and compounds, etc.
- What it was doing by the end
- not been carrying on any business for the preceding two years and not earning any profits except income from investments
The wind-down, stage by stage
4 dated stages
- 20 Jul 2021 Board resolution to wind up
- 23 Jul 2021 Liquidation commenced
- 12 Jun 2023 NCLT order
- 12 Jun 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
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Trading
- PIN
- 600116
- Incorporated
- 2 May 2017
- Authorised capital
- Rs 5.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U51909TN2017FTC116398
- Registered office
- BBC City Paark, New No.76, Flat No. 44 Block 1,Phase 1,Anna Salai,Chinna Porur,Chennai,Chennai,Tamil Nadu,600116-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 3.84 L
- Total payments
- Rs 3.84 L
- Liquidation cost
- Rs 2.64 L
Receipts
| Sale of Assets | Rs 0 |
|---|---|
| Refund from Statutory Authorities | Rs 74,540 |
| Cash / Bank Balance | Rs 3.10 L |
| Realization of uncalled / unpaid capital contribution | Rs 0 |
| Distribution of unsold asset | Rs 0 |
| Any other (please specify) | Rs 0 |
Payments
| Liquidation Cost | Rs 2.64 L |
|---|---|
| Government Dues + Amount unpaid following Enforcement of Security Interest | Rs 1.11 L |
| Any Remaining Debts and Dues | Rs 10,000 |
What the company held
Nil
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.