Om Auto Technocraft 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 26.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 4.00 L |
| Surplus to members | Rs 22.00 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 register158 days faster 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
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. Here, Rs 22.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Ahmedabad Court -2
- Case number
- C.P. (IB)/280(AHM)2023
- Order date
- 8 Jul 2024
Dissolved effective order date
What the bench said
On being satisfied that the affairs of the Company have been completely wound up with no further business or activity and the assets of the Applicant Company have been completely realised. There is no objection received from relevant authorities nor any liabilities need to be paid further to any creditors. As such the Applicant Company deserves to be dissolved.
Statutory observations
The Income Tax Department has filed its report/representation on 05.03.2024, in respect of the Company, stating that 'In this connection it is to be submitted that there is no demand outstanding against the assessee'. RoC also file report on 11.06.2024 stating that no prosecution, complaints, compounding matters against the company are pending
Why the company wound up
In the order's own words
due to non availability of business prospectus and long term financial resources for the company d ue to which does not intent to carry on any business or operation going forward due to lack of work at company’s facility.
- What it was set up to do
- The corporate person is carrying out business as per its memorandum of association.
- What it was doing by the end
- due to non availability of business prospectus and long term financial resources for the company d ue to which does not intent to carry on any business or operation going forward due to lack of work at company’s facility.
The wind-down, stage by stage
10 dated stages
- 31 Mar 2023 Board resolution to wind up
- 5 Apr 2023 Liquidation commenced
- 9 Apr 2023 Public announcement
- 5 May 2023 Last date for creditors to claim
- 20 May 2023 Preliminary report
- 9 Oct 2023 Final report
- 9 Oct 2023 Final report filed with the ROC
- 10 Oct 2023 Final report filed with IBBI
- 8 Jul 2024 NCLT order
- 8 Jul 2024 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
- Gujarat
- ROC
- ROC Ahmedabad
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 360021
- Incorporated
- 21 Feb 2007
- Authorised capital
- Rs 15.00 L
- Paid-up capital
- Rs 15.00 L
- CIN
- U34300GJ2007PTC050054
- Registered office
- PLOT NO.G 1130/1131, KISHAN GATE TALUKA. LODHIKA, GIDC METODA,RAJKOT,Rajkot,Gujarat,360021-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Udaybhai Arunkumar Parekh | 120000 | |
| Riddhi Arunbhai Parekh | 30000 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 25.88 L
- Total payments
- Rs 25.88 L
- Liquidator fee
- Rs 30,000
Receipts
| Balance at Bank | Rs 25.88 L |
|---|
Payments
| Income tax paid(for AY 2023-2024 | Rs 86,910 |
|---|---|
| CS Consultancy Free | Rs 1.60 L |
| Newspaper Advertisement | Rs 11,445 |
| Legal and other Support Services | Rs 63,156 |
| Liquidator fees | Rs 30,000 |
| GST on liquidator fees | Rs 5,400 |
| Balance available for distribution to Shareholder | Rs 22.31 L |
Distributed to members
| Udaybhai Arunkumar Parekh | Rs 17.85 L |
|---|---|
| Riddhi Arunbhai Parekh | Rs 4.46 L |
section 52 and 53 of the code, 2016
What the company held
Company did not have any fixed assets
Creditors and claims
As the order records them
liquidator has not received any claim from financial creditor, operational creditor or workmen or employees or their representatives as there are no other stakeholders other than equity shareholders.
Creditor approval
liquidator has not received any claim from financial creditor, operational creditor or workmen or employees or their representatives as there are no other stakeholders other than equity shareholders.
Litigation and delays
The frictions the order records
Litigation
no prosecution, complaints, compounding matters against the company are pending
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.