Gencor Cultech India 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 20.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 18.00 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 register144 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. Here, Rs 18.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chennai, Division Bench - II
- Case number
- CP/IB/182(CHE)2022
- Order date
- 20 Mar 2023
Dissolved effective order date
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 Company deserves to be dissolved
Why the company wound up
In the order's own words
The business was non-viable and the Company incurred an accumulated loss and had unamortized preliminary expenses.
- What it was set up to do
- engage in the business to manufacture, formulate, process, develop, refine, import, export, wholesale and/or retail trade all kinds of pharmaceuticals, antibiotics, drugs, medicines, biologicals, nutraceuticals, sports nutrition products, healthcare, extracts from plants and dietary supplement products
The wind-down, stage by stage
11 dated stages
- 22 Nov 2021 Board resolution to wind up
- 22 Nov 2021 Declaration of solvency
- 1 Dec 2021 Liquidation commenced
- 3 Dec 2021 Public announcement
- 31 Dec 2021 Last date for creditors to claim
- 7 Jan 2022 Preliminary report
- 12 Jul 2022 Final report
- 3 Sep 2022 Final report filed with IBBI
- 6 Sep 2022 Final report filed with the ROC
- 20 Mar 2023 NCLT order
- 20 Mar 2023 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 Chennai
- Industry
- Manufacturing (Metals and Chemicals, and products thereof)
- PIN
- 600085
- Incorporated
- 24 Oct 2017
- Authorised capital
- Rs 10.00 Cr
- Paid-up capital
- Rs 35.24 L
- CIN
- U24110TN2017PTC119213
- Registered office
- DOOR NO.12/29, PLOT NO.14/1B,RANJITH ROAD, KOTTURPURAM,CHENNAI,Chennai,Tamil Nadu,600085-India
Directors named in the order
Vongal Thiruvengadam Jagannathan · Chidambaram Subramanian Sankar
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 20.14 L
- Total payments
- Rs 2.01 L
- Liquidation cost
- Rs 1.99 L
Receipts
| Amount realised during the liquidation | Rs 20.14 L |
|---|
Payments
| Liquidation Cost | Rs 1.99 L |
|---|---|
| Equity Shareholders | Rs 18.14 L |
What the company held
Assets as on LCD: 20.07 Lakhs
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.