Mastermind Commodeal 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 9.36 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 15.00 L |
| Surplus to members | Rs 9.21 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 register164 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 9.21 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Kolkata Bench (Court–I)
- Case number
- C.P. (IB) No. 269/KB/2022
- Order date
- 18 Jan 2023
Dissolved
What the bench said
the affairs of the Petitioner/Corporate Person have been completely wound up and its assets have been completely liquidated. The bank account has also been closed and the Petitioner/ Corporate Person has no liabilities left unsatisfied. We are satisfied from the documents on record that the voluntary liquidation is not with intent to defraud any person.
Why the company wound up
In the order's own words
paucity of business opportunities and the high cost involved in maintaining the operations of the Company
- What it was set up to do
- carrying on the business of dealing in investments and thereby earning income in the form of sale of investments and interest and dividend
- What it was doing by the end
- not carrying on any business and not earning any profits except the income from Interest Income on Business trust, Dividend from Non-Current Investments and from sale of Investments
The wind-down, stage by stage
9 dated stages
- 2 Nov 2020 Board resolution to wind up
- 2 Nov 2020 Declaration of solvency
- 27 Nov 2020 Liquidation commenced
- 30 Nov 2020 Public announcement
- 11 Jan 2021 Preliminary report
- 5 Jul 2022 Final report
- 2 Jan 2023 Last hearing
- 18 Jan 2023 NCLT order
- 18 Jan 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
- Dissolved under section 59(8)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- West Bengal
- ROC
- ROC Kolkata
- Industry
- Trading
- PIN
- 700013
- Incorporated
- 30 Dec 2008
- Authorised capital
- Rs 39.00 L
- Paid-up capital
- Rs 16.59 L
- CIN
- U51909WB2008PTC131583
- Registered office
- 34A, METCALFE STREET,KOLKATA,Kolkata,West Bengal,700013-India
Directors named in the order
Biswajit Chakraborty · Debashis Mukherjee
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
assets amounting to 92622022 and liabilities amounting to 1000
Creditors and claims
As the order records them
nil creditors and no claims received
Creditor approval
The Liquidator received no claims from the creditors, workmen, employees or any other stakeholders in response to the advertisement published in the newspapers and it is certified by the Auditor Certificate that there are nil creditors.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.