Attur Shri Ganga Chit Funds 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 25.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 22.00 L |
"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 register471 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. Here, Rs 22.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - I, CHENNAI
- Case number
- CP/143(CHE)/2021
- Order date
- 26 Jul 2023
Dissolved effective order date
What the bench said
The affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.
Why the company wound up
In the order's own words
As there were no feasible business opportunities of the Company.
- What it was set up to do
- To carry on the business of running chit funds, chit saving schemes in accordance with the provision contained in the Chit Fund Act 1982 or any statutory modification thereof without conducting any prize chit or money circulation scheme in contravention of the provision of the Prize Chits and Money Circulation Scheme (Banking) Act 1978 etc.
The wind-down, stage by stage
8 dated stages
- 1 Aug 2020 Liquidation commenced
- 4 Aug 2020 Public announcement
- 15 Sep 2020 Preliminary report
- 29 Apr 2021 Final report
- 12 May 2021 Final report filed with the ROC
- 12 May 2021 Final report filed with IBBI
- 26 Jul 2023 NCLT order
- 26 Jul 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
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Coimbatore
- Industry
- Finance
- PIN
- 636102
- Incorporated
- 30 Dec 2015
- Authorised capital
- Rs 25.00 L
- Paid-up capital
- Rs 25.00 L
- CIN
- U65923TZ2015PTC022124
- Registered office
- 60/2, KESAVALU STREET, OPP. SRI KESAVAN THEATRE, ATTUR TK,SALEM,Salem,Tamil Nadu,636102-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 25
- Total payments
- Rs 25
- Liquidation cost
- Rs 2
Payments
| Liquidation Cost | Rs 2 |
|---|---|
| Equity Shareholders | Rs 22 |
Creditors and claims
As the order records them
The liquidator has not received any claims during the process of liquidation.
Litigation and delays
The frictions the order records
Litigation
No pending cases/complaints against this chit company from District Chit registrar, Salem; no preferential, undervalue, extortionate or fraudulent transactions pending.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.