Voluntary liquidation · IBC s.59

Laxminarayan Gin Pvt. Ltd.

CIN · U01405GJ2006PTC049163 Company Gujarat MCA · Dissolved (Liquidated)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

17 Dec 2020

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 20.00 L

Value realised from assets

Paid to creditors

Not reported

Creditor payout recorded

Surplus to members

Rs 17.00 L

Reported surplus amount

Where the money went

Reported amounts

Some financial figures are missing. A complete proceeds split is not available.

CreditorsNot reported

ExpensesRs 3.00 L

MembersRs 17.00 L

Creditor dues are not reported, so the payout cannot be assessed against them.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 20.00 L
Amount due to creditors	Not reported
Amount paid to creditors	Not reported
Liquidation expenses	Rs 3.00 L
Surplus to members	Rs 17.00 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 register

Time to dissolve667 days

49 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down15.0% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 20.00 L

below the median realisation of Rs 66.00 L

Reading this record

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 17.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: AHMEDABAD BENCH, COURT 1
Case number: CP(IB) No.157/59/NCLT/AHM/2020
Order date: 17 Dec 2020

Petitioner Company Laxminarayan Gin Private Limited., shall stands dissolved from the date of this order.

What the bench said

the Company has been completely wound up, and its assets have been completely liquidated. Moreover, it is not the case that the proposed liquidation/dissolution of the Company is going to affect adversely to its shareholders/ creditors or such dissolution is contrary to the provisions of law.

17 Dec 2020 · CP(IB) No.157/59/NCLT/AHM/2020 · 9 pages Read the order

Why the company wound up

In the order's own words

operations and business of the concerned Company were discontinued since past many years, the Board of the Company decided to liquidate the affairs of the Company by way of voluntary liquidation.

What it was set up to do: The Company was incorporated with the object as mentioned in the Article of Association at page no. 29 onwards.
What it was doing by the end: operations and business of the concerned Company were discontinued since past many years

The wind-down, stage by stage

9 dated stages

667 days to dissolve

19 Feb 2019 Liquidation commenced
23 Feb 2019 Declaration of solvency
23 Feb 2019 Public announcement
21 Mar 2019 Last date for creditors to claim
20 Jan 2020 Final report filed with the ROC
20 Jan 2020 Final report filed with IBBI
15 Dec 2020 Last hearing
17 Dec 2020 NCLT order
17 Dec 2020 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: Gujarat
ROC: ROC Ahmedabad
Industry: Agriculture and Allied Activities
PIN: 380009
Incorporated: 27 Sep 2006
Authorised capital: Rs 25.00 L
Paid-up capital: Rs 10.00 L
CIN: U01405GJ2006PTC049163
Registered office: 406, CHINUBHAI CENTER , NR NEHERU BRIDGE CORNER, ASHRAM ROAD,,AHMEDABAD,Gujarat,380009-India

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

What the company held

FD of Rs. 18,27,868/-, Cash in Bank of Rs. 12,846.29/-, Cash in hand of Rs. 6490/- Advance TDS paid of Rs. 8884/- and further investment other than marketable securities of Rs. 15,000/- totalling to Rs. 18,71,088.29/-.

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.