Chokhani Global Express Ltd.
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 9.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 9.00 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 register237 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
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.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI BENCH
- Case number
- (IB)-15'75/ND/2018
- Order date
- 2 Jan 2019
Dissolved with effect from the date of the present order
What the bench said
In view of the foregoing and in view of the satisfaction accorded by the voluntary liquidator by way of the present application, the said company is hereby dissolved
Statutory observations
Pursuant to the service of the notices to the ROC and IBBI, no objection has been raised by them.
Why the company wound up
In the order's own words
no significant business operation in the company for last many years, and the trading of the shares as also suspended by the Bombay Stock Exchange
- What it was set up to do
- carry on the business as National and International Couriers, including Freight and Cargo Transportation
- What it was doing by the end
- no significant business operation in the company for last many years
The wind-down, stage by stage
9 dated stages
- 1 Dec 2017 Board resolution to wind up
- 20 Dec 2017 Declaration of solvency
- 25 Dec 2017 Liquidation commenced
- 3 Jan 2018 Public announcement
- 17 Sep 2018 Final report
- 17 Sep 2018 Final report filed with IBBI
- 20 Nov 2018 Last hearing
- 2 Jan 2019 NCLT order
- 10 Jan 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
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Listed
- State
- Delhi
- ROC
- ROC Delhi
- Industry
- Transport, storage and Communications
- PIN
- 110020
- Incorporated
- 31 Jul 1991
- Authorised capital
- Rs 9.00 Cr
- Paid-up capital
- Rs 3.92 Cr
- CIN
- L64120DL1991PLC045172
- Registered office
- Z-20, First Floor Okhla Industrial Area, Phase II,New Delhi,South Delhi,Delhi,110020-India
Creditors and claims
As the order records them
Creditor approval
one creditor as on 25.12.2017, who has given its consent and no objection letter dated 01.01.2018
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.