Gandhi Credit 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
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 1.06 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 1.04 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 register351 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
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 1.04 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI, COURT-III
- Case number
- (IB)– 443 (ND)/2022
- Order date
- 5 Feb 2024
Present Application stands allowed and the Applicant Company stands dissolved
What the bench said
The Voluntary Liquidator, after his appointment has duly performed his duties and completed necessary formalities to complete the Voluntary Liquidation process
Statutory observations
no adverse comments have been received from any statutory authority or from public at large against such dissolution
Why the company wound up
In the order's own words
The Company has no significant business operations form last 2 (two) years. Due to this, the Board of Directors of the Company decided that it would be in the best interest of the Company and its stakeholders to voluntarily liquidate the Company
- What it was set up to do
- trading in securities and real estate activities
- What it was doing by the end
- The Company has no significant business operations form last 2 (two) years.
The wind-down, stage by stage
12 dated stages
- 18 May 2021 Declaration of solvency
- 4 Jun 2021 Board resolution to wind up
- 11 Jun 2021 Liquidation commenced
- 14 Jun 2021 Public announcement
- 10 Jul 2021 Last date for creditors to claim
- 20 Jul 2021 Preliminary report
- 30 Apr 2022 Final report
- 30 Apr 2022 Final report filed with IBBI
- 2 May 2022 Final report filed with the ROC
- 4 Oct 2023 Last hearing
- 5 Feb 2024 NCLT order
- 5 Feb 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
- Delhi
- ROC
- ROC Delhi
- Industry
- Finance
- PIN
- 110070
- Incorporated
- 18 Sep 1995
- Authorised capital
- Rs 25.00 L
- Paid-up capital
- Rs 23.37 L
- CIN
- U65999DL1995PTC260542
- Registered office
- C -5/23, VASANT KUNJ,,NEW DELHI,New Delhi,Delhi,110070-India
Directors named in the order
Mr. Mukti Nath Jha · Ms. Vidya Jha
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Mr. Mukti Nath Jha | 67,500 | 28.88% |
| Ms. Vidya Jha | 1,66,200 | 71.12% |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
surplus fund amount which was remaining in the Bank Account
Creditors and claims
As the order records them
no claims have been received from the creditors of the company as Operational Creditors and no claims have been received from the Financial Creditors, Employees, Workmen's and from other creditors.
Creditor approval
no claims have been received from the creditors of the company
Litigation and delays
The frictions the order records
Litigation
no inquiry/inspection/ complaint/legal action has been proceeded/pending against the subject Company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.