D Chandrakant and Brothers Pvt 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 56.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 10.00 L |
| Surplus to members | Rs 46.00 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 register49 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 46.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Ahmedabad Bench Court 1
- Case number
- CP(IB) No.155/59/NCLT/AHM/2020
- Order date
- 17 Dec 2020
Petitioner Company shall stand dissolved from the date of this order
What the bench said
Company has been completely wound up, and its 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
Statutory observations
The Petitioner Company has obtained a 'No Dues' certificate from the Income Tax Authorities and there were no other Statutory or Govt. or Regulatory Authorities
Why the company wound up
In the order's own words
- What it was doing by the end
- operations and business of the Company were discontinued for many years
The wind-down, stage by stage
11 dated stages
- 27 Jan 2019 Board resolution to wind up
- 19 Feb 2019 Liquidation commenced
- 23 Feb 2019 Declaration of solvency
- 23 Feb 2019 Public announcement
- 21 Mar 2019 Last date for creditors to claim
- 20 Jan 2020 Final report
- 20 Jan 2020 Final report filed with the ROC
- 20 Jan 2020 Final report filed with IBBI
- 14 Dec 2020 Last hearing
- 17 Dec 2020 NCLT order
- 17 Dec 2020 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
- Non-government company
- Listing
- Unlisted
- State
- Gujarat
- ROC
- ROC Ahmedabad
- Industry
- Manufacturing (Food stuffs)
- PIN
- 380009
- Incorporated
- 10 Jul 1987
- Authorised capital
- Rs 50.00 L
- Paid-up capital
- Rs 5.00 L
- CIN
- U15142GJ1987PTC009815
- Registered office
- 4TH FLOOR CHINUBHAI CENTREASHRAM ROAD,AHMEDABAD,Gujarat,380009-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
FD of Rs. 50,77,412/-, Cash at Bank of Rs. 3,71,691.28/-, Cash in hand of Rs. 22,777.65/-, Advance TDS paid of Rs. 24,767/- and Investment of Rs. 15,000/-
Creditors and claims
As the order records them
Liquidator 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.