Bromex 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 1.26 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 1.25 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 register304 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 1.25 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH – II, CHENNAI
- Case number
- CP (IBC) / 54 (CHE) 2024
- Order date
- 26 Jul 2024
Dissolved effective order date
What the bench said
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
no significant business operations from 31st march 2022 and no revival plan could be worked out for the company
- What it was set up to do
- to carry on business as brokers, commission agents, factors, auctioneers, in all types, varieties, description and all kinds of oils (edible & non-edible oil, essential non-essential, industrial oil, Marine oil, other varieties of oils and/or their derivate, fractionates, by-product in any form) oil seeds, oil cakes, oil bearings materials and all type of agricultural/industrial products
- What it was doing by the end
- no significant business operations from 31st march 2022
The wind-down, stage by stage
10 dated stages
- 23 Oct 2019 Declaration of solvency
- 28 Aug 2023 Board resolution to wind up
- 16 Sep 2023 Liquidation commenced
- 18 Sep 2023 Public announcement
- 30 Oct 2023 Preliminary report
- 6 Jan 2024 Final report
- 12 Jan 2024 Final report filed with IBBI
- 13 Jan 2024 Final report filed with the ROC
- 26 Jul 2024 NCLT order
- 26 Jul 2024 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 Chennai
- Industry
- Trading
- PIN
- 600040
- Incorporated
- 26 Apr 2005
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 10.00 L
- CIN
- U51102TN2005PTC056087
- Registered office
- AJ-131, Flat T1, Kalpataru Apartments 1st Street, 9th Main Road, Anna Nagar,Chennai,Chennai,Tamil Nadu,600040-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Kumar M Chandan | ||
| P. SATYA SARAVANAN | ||
| PURVI RAGURAMAN | ||
| KRUTI M. CHANDAN |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.28 Cr
- Total payments
- Rs 1.28 Cr
- Liquidator fee
- Rs 50,000
- Liquidation cost
- Rs 64,219
Receipts
| Cash / Bank balance | Rs 1.28 Cr |
|---|
Payments
| Space Advertising (Public Advertisement Cost) | Rs 19,219 |
|---|---|
| GST Claim (FY 2018-19) | Rs 55,522 |
| GST Claim (FY 2019-20) | Rs 49,407 |
| R. Thamizhvanan, Practising Company Secretary (Reimbursement of legal expenses) | Rs 3,600 |
| Shanmugakani Saraskumar (Liquidator’s Fee) | Rs 50,000 |
| Kumar M Chandan - Share Capital & Surplus | Rs 1.21 Cr |
| P. SATYA SARAVANAN - Share Capital & Surplus | Rs 2.52 L |
| PURVI RAGURAMAN - Share Capital & Surplus | Rs 1.26 L |
| KRUTI M. CHANDAN - Share Capital & Surplus | Rs 1.26 L |
Distributed to members
| Kumar M Chandan | Rs 1.11 Cr |
|---|---|
| P. SATYA SARAVANAN | Rs 2.32 L |
| PURVI RAGURAMAN | Rs 1.16 L |
| KRUTI M. CHANDAN | Rs 1.16 L |
Repayment of share capital & surplus to equity shareholders of the Company.
What the company held
Cash / Bank balance Rs. 1,27,52,737
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.