Everest Gold Loans 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 2.36 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Rs 2.33 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 register248 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 2.33 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chennai Division Bench (Court-I)
- Case number
- CP(IB)/67(CHE)/2024
- Order date
- 28 Jun 2024
The company viz., M/s Everest Gold Loans Pvt Ltd is dissolved.
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
demise of the main promoter and lack of interest from other promoters/shareholders in continuing the business after rejection of NBFC registration application
- What it was set up to do
- to carry on the business of lending money and financing against the security of gold and other precious metals and gems etc
The wind-down, stage by stage
8 dated stages
- 26 Apr 2023 Board resolution to wind up
- 24 Jun 2023 Liquidation commenced
- 26 Jun 2023 Public announcement
- 7 Aug 2023 Preliminary report
- 27 Feb 2024 Final report
- 28 Jun 2024 Last hearing
- 28 Jun 2024 NCLT order
- 28 Jun 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 Coimbatore
- Industry
- Finance
- PIN
- 638001
- Incorporated
- 26 Apr 2012
- Authorised capital
- Rs 2.00 Cr
- Paid-up capital
- Rs 2.00 Cr
- CIN
- U65929TZ2012PTC018177
- Registered office
- D.No.12, Periyar Nagar,,Erode,Erode,Tamil Nadu,638001-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 2.36 Cr
- Liquidation cost
- Rs 3.20 L
Receipts
| Sale of Assets | NA |
|---|---|
| Refund from Statutory Authorities | Rs 1.05 L |
| Cash/ Bank balance (Rs.) | Rs 2.35 Cr |
| Realisation of uncalled/unpaid capital contribution | NA |
| Distribution of unsold asset | NA |
| Additional cash for bank charges | Rs 221 |
What the company held
Total asset with book value of INR 2,36,73,152.96/- and an outstanding debt of INR 30,000/-
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.