Andromeda Derivative Strategies 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 5.43 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 5.41 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 register347 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 5.41 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- AHMEDABAD BENCH, COURT NO. II
- Case number
- C.P(IB)/58(AHM)2021
- Order date
- 13 Sep 2021
Andromeda Derivative Strategies Limited shall stands dissolved from the date of this order.
What the bench said
The assets have been completely liquidated. Moreover, it is not the case that the proposed liquidation/dissolution of the Company is going to affect adversely to its Shareholders/ Creditors or such dissolution is contrary to the provisions of law.
Why the company wound up
In the order's own words
Since it was not serving any fruitful purpose to continue Company functional so the shareholders proposed to windup and the Directors of the Corporate Person also felt that there is no alternative but to put Corporate Person into Voluntary Liquidation
- What it was set up to do
- as mentioned in Memorandum of Association in Clause Ill (A)
- What it was doing by the end
- Company had made loss in previous financial year and had same discontinue business operations.
The wind-down, stage by stage
9 dated stages
- 11 Jan 2019 Declaration of solvency
- 22 Jan 2019 Board resolution to wind up
- 22 Jan 2019 Liquidation commenced
- 24 Jan 2019 Public announcement
- 4 Mar 2021 Final report filed with the ROC
- 10 Mar 2021 Final report filed with IBBI
- 6 Sep 2021 Last hearing
- 13 Sep 2021 NCLT order
- 13 Sep 2021 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 (Liquidated)
- Company class
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Gujarat
- ROC
- ROC Ahmedabad
- Industry
- Finance
- PIN
- 390005
- Incorporated
- 25 Oct 2007
- Authorised capital
- Rs 20.00 Cr
- Paid-up capital
- Rs 18.13 Cr
- CIN
- U67120GJ2007PLC052046
- Registered office
- 16/17, Ground floor, Paradise Complex, Sayajigunj,VADODARA,Gujarat,390005-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
All the assets on the commencement of the Voluntary liquidation process was in the nature of cash or cash equivalents.
Creditors and claims
As the order records them
did not receive any claims from the Operational Creditors, Financial Creditors, workmen, employees and other Stakeholders.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.