Voluntary liquidation · IBC s.59

Fawow Ventures Private Limited

CIN · U18109KL2021PTC072167 company Kerala MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

13 Jun 2025

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 1.42 Cr

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 1.38 Cr

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 2.8%Rs 4.00 L

Members · 97.2%Rs 1.38 Cr

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 1.42 Cr
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 4.00 L
Surplus to members	Rs 1.38 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 register

Time to dissolve269 days

349 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down2.8% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 1.42 Cr

above the median realisation of Rs 66.00 L

Reading this record

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 1.38 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: KOCHI BENCH
Case number: CP(IBC)/06/KOB/2025
Order date: 13 Jun 2025

Corporate Person shall stand dissolved from the date of this order

What the bench said

On verification of the documents produced, we have noticed that the affairs of the Corporate Person have been completely wound up and its assets were liquidated following the relevant provisions

Statutory observations

Out of all the statutory authorities, only the Registrar of Companies, Kochi, has submitted its report, and no objections to this application have been raised therein.

13 Jun 2025 · CP(IBC)/06/KOB/2025 · 15 pages Read the order

Why the company wound up

In the order's own words

Company has not engaged in any business operation in the preceding Financial Year and since the company has no prospects of reviving its operations for the purpose for which it was incorporated

What it was set up to do: to engage in manufacturing, trading, exporting, and importing a wide range of fashion and lifestyle products, including clothing, ready -made garments, jewellery, footwear, handbags, beauty products, and related accessories.
What it was doing by the end: Company has not engaged in any business operation in the preceding Financial Year

The wind-down, stage by stage

8 dated stages

269 days to dissolve

26 Aug 2024 Board resolution to wind up
17 Sep 2024 Liquidation commenced
21 Sep 2024 Public announcement
17 Oct 2024 Last date for creditors to claim
1 Nov 2024 Preliminary report
16 Dec 2024 Final report
13 Jun 2025 NCLT order
13 Jun 2025 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: Kerala
ROC: ROC Ernakulam
Industry: Manufacturing (Textiles)
PIN: 682022
Incorporated: 9 Nov 2021
Authorised capital: Rs 3.00 Cr
Paid-up capital: Rs 2.46 Cr
CIN: U18109KL2021PTC072167
Registered office: No. 4, Building No. 24/8, Ground Floor AKKM Tower, Behind Cusat Metro Station,Kalamassery,Ernakulam,Kerala,682022-India

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

Total receipts: Rs 1.42 Cr
Total payments: Rs 4.28 L
Liquidator fee: Rs 2.50 L
Liquidation cost: Rs 4.28 L

Receipts

Cash at bank as on 17.09.2024 17 Sep 2024	Rs 1.42 Cr

Payments

Liquidator fee	Rs 2.50 L
Advertisement expenses.	Rs 9,954
RoC filing and certification, stamp papers and notary charges.	Rs 79,700
Stationary & Postage.	Rs 5,000
Salary of Contractual staff.	Rs 37,000
Status report and dissolution application preparation and filing.	Rs 25,000
Auditor’s fee including filing of Income Tax Return.	Rs 17,700
TDS return in filing charges.	Rs 3,110
Bank Charges	Rs 236

What the company held

bank balance amounting to Rs. 1,42,15,730/-

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.

Creditors and claims

As the order records them

The Liquidator further submitted that he has received claims only from 121 stakeholders (i.e., shareholders) of the Corporate Person.

Creditor approval

Corporate Person has no outstanding debts and no creditors as of that date. Consequently, approval for voluntary liquidation from creditors w ere not required.