Sakhi Resorts and Farmlands 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 62.00 L |
|---|---|
| Amount due to creditors | Rs 1.00 L |
| Amount paid to creditors | Rs 1.00 L |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 60.00 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 register512 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
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 60.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chandigarh Bench, Chandigarh
- Case number
- CP (IB) No.04/Vol./Chd/Pb/2019
- Order date
- 17 Mar 2022
Dissolved in terms of Section 59(8) of the Insolvency & Bankruptcy Code, 2016 with effect from the date of the present order.
Statutory observations
RoC filed its report with no objection to the dissolution; IBBI filed a report stating there are no business activities in the company for the past four years and the Board can examine records only on receipt of complaint/grievance.
Why the company wound up
In the order's own words
The company was not carrying on its business activities from the past four years and was not getting adequate bookings to fulfill its day to day expenditures.
- What it was set up to do
- Hotels, Resorts, Banquet Hall, Holiday homes, guest house, restaurant, café, tavern, beer house, boarding and lodging housekeepers, licensed victuallers, wine, beer and spirit merchants, malsters, manufactures of aerated mineral and artificial waters and other soft drinks, purveyors, caterers beauty parlours and health clubs, Bar, Swimming Pool, play grounds and places of amusements and recreation and sports, entertainment, theatrical and opera-house proprietors and general agents and to provide services for the tourists of all kinds.
- What it was doing by the end
- Not carrying on business activities from the past four years as the company was not getting adequate bookings to fulfill its day to day expenditures; the resort-cum-banquet hall was sold on 29.12.2015.
The wind-down, stage by stage
10 dated stages
- 16 Jan 2019 Board resolution to wind up
- 11 Feb 2019 Liquidation commenced
- 12 Feb 2019 Public announcement
- 13 Mar 2019 Last date for creditors to claim
- 20 Mar 2019 Preliminary report
- 21 May 2019 Final report
- 13 Aug 2020 Final report filed with IBBI
- 19 Aug 2020 Final report filed with the ROC
- 17 Mar 2022 NCLT order
- 17 Mar 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
- Dissolved (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Punjab
- ROC
- ROC Chandigarh
- Industry
- Trading
- PIN
- 143001
- Incorporated
- 18 Feb 1998
- Authorised capital
- Rs 25.00 L
- Paid-up capital
- Rs 25.00 L
- CIN
- U55101PB1998PTC021083
- Registered office
- SAKHI HOUSE M-47GREEN AVENUE AMRITSAR,PUNJAB,Punjab,143001-India
Creditors and claims
As the order records them
List of stakeholders prepared on the basis of claims received from the creditors and after due verification.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.