Gulf Energy Maritime Services 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 9.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.67 Cr |
|---|---|
| Amount due to creditors | Rs 9.00 L |
| Amount paid to creditors | Rs 9.00 L |
| Liquidation expenses | Rs 19.00 L |
| Surplus to members | Rs 1.39 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 register1,323 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 1.39 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Mumbai Bench, Court II
- Case number
- CP (IB)/803/MB/2022
- Order date
- 12 Jan 2024
Dissolved from the date of this Order
What the bench said
The affairs of the Company have been completely wound up and the assets of the Company have been completely liquidated in accordance with the provisions of the Code
Why the company wound up
In the order's own words
lack of adequate financial resources
- What it was set up to do
- to establish, maintain and carry out ship management activities including manpower recruitment, crew recruitment, manpower planning, training and management of shippers, ship owners, Ship brokers, ship repairers, shipping agents, ship managers tug owners, loading brokers, freight contractors, operate shipping, ship repairing
The wind-down, stage by stage
9 dated stages
- 19 Sep 2018 Declaration of solvency
- 19 Sep 2018 Liquidation commenced
- 21 Sep 2018 Public announcement
- 19 Oct 2018 Last date for creditors to claim
- 2 Nov 2018 Preliminary report
- 25 Feb 2022 Final report
- 26 Feb 2022 Final report filed with the ROC
- 12 Jan 2024 NCLT order
- 12 Jan 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
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Business Services
- PIN
- 400071
- Incorporated
- 29 Jun 2009
- Authorised capital
- Rs 1.50 Cr
- Paid-up capital
- Rs 1.25 Cr
- CIN
- U74900MH2009PTC193611
- Registered office
- 501, SHIV ANIL, 6 UNION PARK, CHEMBUR,MUMBAI,Mumbai City,Maharashtra,400071-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Cash and Cash Equivalents Rs.14,32,746.66/-, Fixed Deposit with Bank Rs. 1,25,00,000/ -, Accrued Interest Rs. (48,568), Advance Tax and TDS Receivable Rs. 38,27,938.60/-, Security Deposits Rs. 13,650/- and Current Liabilities were to the extent of Rs. 17,80,633.58/-
Creditors and claims
As the order records them
received claims from the operational creditors from 17th October 2018 to 3rd November 2018
Litigation and delays
The frictions the order records
Litigation
no litigation is pending against the Corporate Person
Why it took as long as it did
Pending income tax assessment including transfer pricing; No dues certificate from Income tax took longer due to assessment; Show cause notice from GST department for refund claim; GST refund, no dues and cancellation completed in June 2020; Lack of RBI registration letters for FC-GPR delaying remittance to foreign shareholders until December 2021
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.