Voluntary liquidation · IBC s.59

Reine Chemicals Private Limited

CIN · U24110GJ1991PTC015837 Company Gujarat MCA · Active

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

13 Jul 2022

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 32.00 L

Value realised from assets

Paid to creditors

Not reported

Creditor payout recorded

Surplus to members

Rs 29.00 L

Reported surplus amount

Where the money went

Reported amounts

Some financial figures are missing. A complete proceeds split is not available.

CreditorsNot reported

ExpensesRs 4.00 L

MembersRs 29.00 L

Creditor dues are not reported, so the payout cannot be assessed against them.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 32.00 L
Amount due to creditors	Not reported
Amount paid to creditors	Not reported
Liquidation expenses	Rs 4.00 L
Surplus to members	Rs 29.00 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 register

Time to dissolve558 days

60 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down12.5% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 32.00 L

below the median realisation of Rs 66.00 L

Reading this record

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 29.00 L in surplus was returned to members.

The wind-down, stage by stage

2 dated stages

558 days to dissolve

1 Jan 2021 Liquidation commenced
13 Jul 2022 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: Active
Company class: Private
Category: Company limited by shares
Sub-category: Non-government company
Listing: Unlisted
State: Gujarat
ROC: ROC Ahmedabad
Industry: Manufacturing (Metals and Chemicals, and products thereof)
PIN: 396360
Incorporated: 18 Jun 1991
Authorised capital: Rs 30.00 L
Paid-up capital: Rs 30.00 L
CIN: U24110GJ1991PTC015837
Registered office: 517/518, DALAL STREET GANDEVI,BILIMORA,Navsari,Gujarat,396360-India

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

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