Gondliya Fibers 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 36.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 0 |
| Surplus to members | Rs 36.00 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 register180 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
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 36.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Ahmedabad, Division Bench, Court - 1
- Case number
- C.P.(IB)/3(AHM)2023
- Order date
- 11 Sep 2023
Dissolved effective order date
What the bench said
Liquidator duly performed duties, funds duly distributed among stakeholders, no creditors, no claims, no adverse comments or objections received from public or authorities.
Statutory observations
Income Tax Department reported no outstanding demand and no pending proceedings; ROC did not file any reply or objection despite opportunities.
Why the company wound up
In the order's own words
Non-availability of business prospects and long-term financial resources making it not financially viable to carry on business activities.
- What it was set up to do
- Manufactures, exporters, importers, buyers, sellers, producers, buying agents, selling agents, commission agents, factors, distributors, stockists, agents, traders, sizers and suppliers and dealers in all classes and kinds of yarns, cotton, textiles, threads and other fibrous products and garments and all other goods and merchandise.
- What it was doing by the end
- Not financially viable to carry on business activities due to non-availability of business prospects and long-term financial resources.
The wind-down, stage by stage
10 dated stages
- 2 Jun 2021 Declaration of solvency
- 5 Jul 2021 Board resolution to wind up
- 5 Jul 2021 Liquidation commenced
- 8 Jul 2021 Public announcement
- 16 Aug 2021 Preliminary report
- 14 Jun 2022 Final report
- 14 Jun 2022 Final report filed with IBBI
- 20 Jun 2022 Dissolution application filed
- 11 Sep 2023 NCLT order
- 11 Sep 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
- Under Liquidation
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Gujarat
- ROC
- ROC Ahmedabad
- Industry
- Manufacturing (Textiles)
- PIN
- 000000
- Incorporated
- 3 Apr 2002
- Authorised capital
- Rs 50.00 L
- Paid-up capital
- Rs 38.40 L
- CIN
- U17119GJ2002PTC040597
- Registered office
- PLOT NO 951 ROAD NO 956GIDC SACHIN,SURAT,Gujarat,000000-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
No fixed assets as on the date of liquidation except bank balance of Rs.36,20,980.46/-.
Creditors and claims
As the order records them
No claims were received as there are no creditors.
Creditor approval
There are no creditors in the corporate person.
Litigation and delays
The frictions the order records
Litigation
No pending litigation.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.