Shree Fasteners 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 1.81 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 21.00 L |
| Surplus to members | Rs 1.61 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 register149 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 1.61 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- AHMEDABAD DIVISION BENCH COURT - 1
- Case number
- C.P.(IB)/193(AHM)2023
- Order date
- 19 Dec 2023
Corporate Person shall stand dissolved from the date of this order.
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 and as such the Applicant Company deserves to be dissolved.
Why the company wound up
In the order's own words
non-availability of business prospects and long-term financial resources for the company
- What it was set up to do
- manufacturing, importing, exporting and dealing in all kinds of engineering goods including Fasteners, bolts and nuts etc.
The wind-down, stage by stage
9 dated stages
- 3 Nov 2021 Board resolution to wind up
- 3 Nov 2021 Declaration of solvency
- 12 Nov 2021 Liquidation commenced
- 17 Nov 2021 Public announcement
- 12 Dec 2021 Last date for creditors to claim
- 3 Jul 2023 Final report filed with the ROC
- 7 Jul 2023 Final report filed with IBBI
- 19 Dec 2023 NCLT order
- 19 Dec 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
- Gujarat
- ROC
- ROC Ahmedabad
- Industry
- Manufacturing (Machinery and Equipments)
- PIN
- 360001
- Incorporated
- 5 Jul 1985
- Authorised capital
- Rs 20.00 L
- Paid-up capital
- Rs 7.50 L
- CIN
- U29225GJ1985PTC007941
- Registered office
- A/2/195 AJ INDL ESTATE G I D CPHASE II RAJKOT,GUJARAT,Gujarat,360001-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.81 Cr
- Total payments
- Rs 20.57 L
- Liquidation cost
- Rs 20.57 L
Receipts
| Balance with Banks | Rs 1.77 Cr |
|---|---|
| Other Current Assets (Advance Tax) | Rs 1.53 L |
| Income Tax Refund | Rs 1.30 L |
| Cash | Rs 95,410 |
Payments
| Liquidation Cost | Rs 20.57 L |
|---|
What the company held
Cash and bank balances, advance tax, and income tax refund
Creditors and claims
As the order records them
No claims received as there were no other stakeholders other than Equity shareholders.
Creditor approval
No creditors
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.