Naisargik Agritech (India) 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 amountsAmount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 0 |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 0 |
| Surplus to members | Rs 0 |
"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 register390 days slower than the median of 618 days across 1,597 completed wind-downs
72% of completed wind-downs returned a surplus to members
below 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.
The NCLT order
Read from the document itself
- Bench
- AHMEDABAD (COURT NO. II)
- Case number
- CP(IB)/108(AHM)2022
- Order date
- 5 Jul 2023
Corporate Person (Applicant Company) M/s. Naisargik Agritech (India) Limited shall stand dissolved from the date of this order.
What the bench said
The Liquidator has duly performed his duties and completed the necessary formalities to complete the liquidation process. The realized amount has been duly distributed between the shareholders as per their claims. No objections received from any person.
Statutory observations
Income Tax Department filed their report and have no objection to the voluntary liquidation. Despite multiple opportunities, no response was received from RoC and SEBI.
Why the company wound up
In the order's own words
It is not financially viable to carry business activities due to non-availability of business prospects and long-term financial resources.
- What it was set up to do
- to carry on the business of cultivation, growing in greenhouses, maintain out flowers in cold storage, sellers, exporters, and dealers in floriculture, plantations, mushroom cultivation and processing, plant tissue culture, vegetables, fruits, agricultural, sericulture and horticultural products and, canning, tinning, dispose of and deal in the derivatives of said products.
- What it was doing by the end
- At present company is not having any business operations
The wind-down, stage by stage
10 dated stages
- 7 Sep 2020 Board resolution to wind up
- 16 Sep 2020 Declaration of solvency
- 30 Sep 2020 Liquidation commenced
- 6 Oct 2020 Public announcement
- 12 Nov 2020 Preliminary report
- 9 Mar 2022 Final report filed with the ROC
- 7 Apr 2022 Final report filed with IBBI
- 5 Jun 2023 Last hearing
- 5 Jul 2023 NCLT order
- 5 Jul 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
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Listed
- State
- Gujarat
- ROC
- ROC Ahmedabad
- Industry
- Agriculture and Allied Activities
- PIN
- 380004
- Incorporated
- 19 Oct 1994
- Authorised capital
- Rs 8.00 Cr
- Paid-up capital
- Rs 6.10 Cr
- CIN
- L01119GJ1994PLC023336
- Registered office
- 723, Gunj Bazar, Hathibhai's Vadi, Delhi Gate, Madhupura, Shahibaug,Ahmedabad,Ahmedabad,Gujarat,380004-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Cash in hand Rs. 47,025/-, Bank Balance other than above Rs. 2,274/-, Loan & Advances Rs. 9,000/-
Creditors and claims
As the order records them
The Corporate Person did not receive any claims as there are no stakeholders other than the equity shareholders.
Creditor approval
The Corporate Person did not receive any claims as there are no stakeholders other than the equity shareholders.
Litigation and delays
The frictions the order records
Litigation
No litigation is pending against the Corporate Person.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.