Asahi Organic Chemicals 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 14.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.79 Cr |
|---|---|
| Amount due to creditors | Rs 14.00 L |
| Amount paid to creditors | Rs 14.00 L |
| Liquidation expenses | Rs 37.00 L |
| Surplus to members | Rs 1.28 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 register51 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 1.28 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI BENCH-III
- Case number
- IB-962/ND/2019
- Order date
- 17 Oct 2019
Dissolution of the Corporate Person
What the bench said
In view of the necessary compliances made by the Company and the Liquidator, this Authority in exercise of the powers conferred under Sub-section (8) of Section 59 of I&B Code, 2016, do hereby order the dissolution
Why the company wound up
In the order's own words
- What it was set up to do
- to carry on in India or elsewhere the business to manufacture, process, assemble, alter, convert, control, design etc. or otherwise deal in all products, varieties, characteristics, descriptions and uses of synthetic, natural or blended polymer and resins products including predominantly phenol resin, thermoplastic etc.
- What it was doing by the end
- The Company has not been carrying on any business for past few years.
The wind-down, stage by stage
8 dated stages
- 29 Mar 2018 Board resolution to wind up
- 29 Mar 2018 Liquidation commenced
- 29 Mar 2018 Public announcement
- 11 May 2018 Preliminary report
- 28 Mar 2019 Final report
- 28 Mar 2019 Final report filed with the ROC
- 17 Oct 2019 NCLT order
- 17 Oct 2019 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
- Private
- Category
- Company limited by shares
- Sub-category
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Manufacturing (Others)
- PIN
- 110017
- Incorporated
- 23 Oct 2010
- Authorised capital
- Rs 3.00 Cr
- Paid-up capital
- Rs 3.00 Cr
- CIN
- U36990DL2010FTC209728
- Registered office
- 81/1, Third Floor Adchini, Aurobindo Marg,Delhi,South Delhi,Delhi,110017-India
Creditors and claims
As the order records them
Liquidator did not receive any claims from the Operational Creditors, Financial creditors, workmen, employees but received claims from all the three members
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.