Ray White (India) Pvt. Ltd.
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 24.00 L |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 4.00 L |
| Surplus to members | Rs 20.00 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 register86 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 20.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chandigarh Bench, Chandigarh
- Case number
- CP (IB) No.02/Vol./Chd/Hry/2019
- Order date
- 12 Apr 2019
Company is dissolved with effect from the date of the present order.
What the bench said
In view of the foregoing and in view of the satisfaction accorded by the Voluntary Liquidator by way of the present application, duly accompanied by his affidavit, the said applicant Company is hereby dissolved with effect from the date of the present order.
Statutory observations
The RoC filed its report dated 28.03.2019 stating therein that they have no objection to the dissolution of the applicant-company.
Why the company wound up
In the order's own words
- What it was set up to do
- to manage, administer, establish, develop, license, franchise, operate, maintain a master franchise entity and to carry on the business of granting franchises on a license basis to third parties for use of trademarks, service marks, trade names, copyrights, methodologies, know-how, manuals, trade secrets, procedures and confidential information developed by the Company for the operation and management of a real estate business in India
The wind-down, stage by stage
9 dated stages
- 27 Oct 2017 Board resolution to wind up
- 27 Oct 2017 Liquidation commenced
- 29 Oct 2017 Public announcement
- 4 Sep 2018 Final report
- 4 Sep 2018 Final report filed with the ROC
- 4 Sep 2018 Final report filed with IBBI
- 9 Dec 2018 Preliminary report
- 12 Apr 2019 NCLT order
- 12 Apr 2019 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
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Haryana
- ROC
- ROC Delhi
- Industry
- Community, personal and Social Services
- PIN
- 122002
- Incorporated
- 4 Feb 2014
- Authorised capital
- Rs 1.00 Cr
- Paid-up capital
- Rs 42.26 L
- CIN
- U93000HR2014FTC051783
- Registered office
- C-1574, Sushant Lok-1,,Gurgaon,Gurgaon,Haryana,122002-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Ray White (Asia) Pvt. Ltd. | ||
| Ray White (Real Estate) Pvt. Ltd. |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members · 16 Jul 2018
| Ray White (Asia) Pvt. Ltd. | Rs 19.63 L |
|---|---|
| Ray White (Real Estate) Pvt. Ltd. | Rs 2,278 |
proportion of their shareholdings
What the company held
The company has no fixed assets or fixed deposits in the company on the date of commencement of Voluntary Liquidation.
Creditors and claims
As the order records them
The Liquidator had invited the claims from the Stake holders and upon verification has paid them with 30 days from the last date for receipt of claims as per regulation 30.
Creditor approval
The company does not have any Secured or Unsecured creditors as on the date of commencement of Voluntary Liquidation.
Litigation and delays
The frictions the order records
Litigation
There is no litigation pending against the applicant in any Court of Law or Tribunal.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.