Gokul Granites 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 93.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 5.00 L |
| Surplus to members | Rs 88.00 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 register140 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 88.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH – I, CHENNAI
- Case number
- CP(IB)/123(CHE)/2023
- Order date
- 9 Feb 2024
Dissolved effective order date
What the bench said
affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applican t Company deserves to be dissolved
Statutory observations
Form-H a mandatory compliance under Regulation 38 (3) of the IBBI (Voluntary Liquidation Process) Regulations, 2017 has not been placed on record.
Why the company wound up
In the order's own words
company had ceased business operations since last few years and the Board of Directors did not visualize any fresh or sustainable business for the future
- What it was set up to do
- Miners, Manufacturers, Producers, Processors, Stuckists, Agencies, Importers, Exporters, Traders, Wholesalers, Retailers, Distributors, Concessionaires, Dealers of Granite Stones and other Granite products of all and every kind of description.
- What it was doing by the end
- company had ceased business operations since last few years
The wind-down, stage by stage
11 dated stages
- 20 Dec 2021 Declaration of solvency
- 12 Jan 2022 Board resolution to wind up
- 12 Jan 2022 Liquidation commenced
- 17 Jan 2022 Public announcement
- 15 Feb 2022 Last date for creditors to claim
- 26 Feb 2022 Preliminary report
- 15 Mar 2022 Final report
- 25 Mar 2022 Final report filed with IBBI
- 9 Nov 2022 Dissolution application filed
- 9 Feb 2024 NCLT order
- 9 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
- Tamil Nadu
- ROC
- ROC Coimbatore
- Industry
- Mining and Quarrying
- PIN
- 636016
- Incorporated
- 8 Jun 1987order says 14 Apr 1987
- Authorised capital
- Rs 25.00 L
- Paid-up capital
- Rs 25.00 L
- CIN
- U14102TZ1987PTC001979
- Registered office
- 1/52, BRINDAVAN ROAD FAIRLANDS,SALEM,Salem,Tamil Nadu,636016-India
Directors named in the order
Gopal Lakshmi Vanaja · Durgam Govindarajalu Gopal
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 93.40 L
- Total payments
- Rs 93.40 L
- Liquidation cost
- Rs 5.10 L
Receipts
| Cash & Bank Balance | Rs 93.40 L |
|---|
Payments
| Liquidation Cost | Rs 5.10 L |
|---|---|
| Equity Share Holders Dividend | Rs 63.30 L |
| Share capital refund | Rs 25.00 L |
What the company held
cash and bank balance and no other assets
Creditors and claims
As the order records them
As no claims were received, preparation of List of Stakeholders under Regulation 30 is not applicable.
Creditor approval
applicant company did not have any creditors
Litigation and delays
The frictions the order records
Litigation
no litigation was pending against the applicant company
Why it took as long as it did
NCLT vide its order dated 13.09.2022, dismissed the petition for lack of mandatory documents like Form H, with a liberty to file a fresh application.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.