H B Enterprises 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 1.50 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 22.00 L |
| Surplus to members | Rs 1.28 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 register502 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 1.28 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- CHANDIGARH BENCH, CHANDIGARH
- Case number
- CP (IB) No.142/Chd/Pb/2020
- Order date
- 25 Apr 2022
What the bench said
Since there is no objection received from any angle opposing the proposed voluntary liquidation/dissolution of the company... the present application deserves to be allowed for the proposed Liquidation/Dissolution of the Corporate Person.
Why the company wound up
In the order's own words
company was not carrying any business from the preceding more than two years and is not earning profits except the income from investment and interest on Fixed Deposits
- What it was set up to do
- buy, manufacture, mix, sell, refine, prepare, import, export and to carry on any business in decorative industrial, automotive, marine and chemical resisting paints, turpentine and to deal in all types of pharmaceutical, biological and other allied products. It is also stated the applicant company is involved in dealing in clocks, watches, jewellery, gold ornaments etc.
- What it was doing by the end
- not carrying any business from the preceding more than two years and is not earning profits except the income from investment and interest on Fixed Deposits
The wind-down, stage by stage
6 dated stages
- 11 Mar 2019 Declaration of solvency
- 1 Apr 2019 Liquidation commenced
- 5 Apr 2019 Public announcement
- 31 Jan 2022 Final report filed with the ROC
- 25 Apr 2022 NCLT order
- 25 Apr 2022 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
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Punjab
- ROC
- ROC Chandigarh
- Industry
- Trading
- PIN
- 141001
- Incorporated
- 30 Dec 1983
- Authorised capital
- Rs 1.00 Cr
- Paid-up capital
- Rs 48.00 L
- CIN
- U51909PB1983PTC005688
- Registered office
- 41-FEROZE GANDHI MARKET, LUDHIANA,LUDHIANA,Punjab,141001-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Bank Balance Liquid Assets only
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.