Guwahati Real Estate 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 2.82 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 16.00 L |
| Surplus to members | Rs 2.66 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 register402 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 2.66 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Guwahati Bench
- Case number
- CP. (IB) No. 17/GB/2021
- Order date
- 30 Nov 2021
Applicant Company i.e., “M/s. Guwahati Real Estate Limited” is ordered to be dissolved with effect from the date of this Order i.e. 30.11.2021
What the bench said
The Applicant Company is having no creditors, proper special resolutions were passed, liquidator complied with required procedures, final report and Form-G were submitted, unclaimed proceeds were transferred to IBBI account, bank accounts were closed, no pending litigations, and no public interest adversely affected.
Statutory observations
ROC noted that unclaimed amount of Rs. 9,09,596.00 should be transferred to IBBI - Corporate Liquidation Account, PNB, Barakhamba Road Branch, New Delhi, while liquidator clarified that the deposit was made as per Voluntary Liquidation circular dated 20.01.2020.
Why the company wound up
In the order's own words
non-availability of business prospects and long term financial resources and was not financially viable to carry its business activity
- What it was set up to do
- to purchase, develop, take in exchange, or on lease, hire or otherwise acquire, whether for investment or sale, or working the same, any real or personal estate including lands, mines, business, building, factories, mill houses, cottages, shops, depots, warehouse, machinery, plant stock in trade, mineral rights, concessions, privilege, licenses, easement, or interest in or with respect to any property
- What it was doing by the end
- no significant business operations in the Company for last few years and there is no plan to carry on operations
The wind-down, stage by stage
10 dated stages
- 18 Jan 2019 Board resolution to wind up
- 18 Jan 2019 Declaration of solvency
- 14 Feb 2019 Liquidation commenced
- 16 Feb 2019 Public announcement
- 16 Mar 2019 Last date for creditors to claim
- 30 Mar 2019 Preliminary report
- 9 Mar 2021 Final report filed with IBBI
- 13 Mar 2021 Final report filed with the ROC
- 30 Nov 2021 NCLT order
- 30 Nov 2021 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 (Liquidated)
- Company class
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Assam
- ROC
- ROC Guwahati
- Industry
- Construction
- PIN
- 781008
- Incorporated
- 29 Nov 2005
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 5.90 L
- CIN
- U45309AS2005PLC007979
- Registered office
- 2ND FLOOR, SHINE TOWERS, ARYA CHOWK, S.J. ROAD, REHABARI,GUWAHATI,Assam,781008-India
Directors named in the order
RAJESH GOENKA · JAMBU KUMAR JAIN · SURENDRA KUMAR HOLANI · KAPOOR CHAND JAIN · RAJEN CHANDRA CHOUDHURY · SHRICHAND PAREEK
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
unquoted Equity shares of a company namely Inter-Connected Enterprise Limited held by the Corporate Person as investment
Unclaimed proceeds
details of three numbers of shareholders and one security deposit of member who have neither submitted their claim nor were traceable hence their share of proceeds as well as respective balance proceeds of security deposit were transferred to IBBI -Corporate Voluntary Liquidation Account
Creditors and claims
As the order records them
the liquidator has not received/ any claims from any stakeholders and regulatory departments.
Creditor approval
There were no creditors in the company, hence the requirement of the Special Resolution being approved by creditors having 2/3rd value of shares as required under proviso to sub-section (3) of Section 59 does not arise.
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
earlier liquidator was suffering from disease and having treatment at out station and after his resignation, he passed away on 22.09.2019 without handling over all the documents to the newly appointed liquidator Mr. Amit Pareek. This cause delay in the whole liquidation process.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.