Pavanraj Fabs India 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 1.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 2.67 Cr |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 31.00 L |
| Surplus to members | Rs 2.35 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 register223 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 2.35 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Division Bench-II, Chennai
- Case number
- CP(IB)/84(CHE)/2022
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated
Why the company wound up
In the order's own words
- What it was set up to do
- cotton spinning
The wind-down, stage by stage
5 dated stages
- 30 Mar 2021 Declaration of solvency
- 30 Mar 2021 Liquidation commenced
- 3 Apr 2021 Public announcement
- 14 May 2021 Preliminary report
- 19 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
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Coimbatore
- Industry
- Manufacturing (Textiles)
- PIN
- 000000
- Incorporated
- 24 Oct 2005
- Authorised capital
- Rs 3.00 Cr
- Paid-up capital
- Rs 1.50 Cr
- CIN
- U17111TZ2005PTC012243
- Registered office
- 132, SANKARI ROAD,TIRUCHENGODE-637 211,NAMAKKAL DISTRICT,Tamil Nadu,000000-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members
| M. Arthi (Unsecured Creditor) | Rs 1.10 L |
|---|---|
| P. Thangaraj (Shareholder) | Rs 1.43 Cr |
| M. Arthi (Shareholder) | Rs 7.00 L |
| P. Thangaraj (Shareholder balance) | Rs 76.22 L |
| M. Arthi (Shareholder balance) | Rs 8.72 L |
ratio of capital
What the company held
Land, Building, Miscellaneous / Ancillary Developments & Improvements
Creditors and claims
As the order records them
M. Arthi - Unsecured Creditor 110334, P. Thangaraj - Shareholder 14300000, M. Arthi - Shareholder 700000
Creditor approval
No creditors other than shareholders
Litigation and delays
The frictions the order records
Litigation
The Liquidator has not filed any application under Section(s) 43, 45, 49 or 66 of the Code.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.