Sumati Production and Marketing 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 18.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 5.00 L |
| Surplus to members | Rs 13.00 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 register215 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 13.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Guwahati Bench
- Case number
- C.P. (IB) No. 1/GB/2023
- Order date
- 3 Mar 2023
Dissolved effective order date 03.03.2023
What the bench said
affairs of the company have been completely wound up, and its assets have been completely liquidated. Necessary compliances of Section 59 and other relevant provisions... have been made within 12 months
Why the company wound up
In the order's own words
in view of the cost and time involved in ensuring the compliances, a decision was taken to liquidate the Company voluntarily
- What it was doing by the end
- At present, in the Company there were no operations and activities
The wind-down, stage by stage
11 dated stages
- 24 Jan 2022 Board resolution to wind up
- 24 Jan 2022 Liquidation commenced
- 26 Jan 2022 Public announcement
- 29 Jan 2022 Declaration of solvency
- 15 Feb 2022 Preliminary report
- 23 Feb 2022 Last date for creditors to claim
- 24 Dec 2022 Final report
- 5 Jan 2023 Final report filed with the ROC
- 5 Jan 2023 Final report filed with IBBI
- 3 Mar 2023 NCLT order
- 3 Mar 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
- Assam
- ROC
- ROC Guwahati
- Industry
- Manufacturing (Textiles)
- PIN
- 781033
- Incorporated
- 27 May 2004
- Authorised capital
- Rs 65.00 L
- Paid-up capital
- Rs 64.10 L
- CIN
- U17116AS2004PTC007424
- Registered office
- house no 6, Sumati Niwas, Pachim Boragaon,Guwahati,Kamrup,Assam,781033-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Cash and bank balance, G+2 RCC Buildings, 7th Floor and 3rd Floor of multi storied residential cum commercial building known as Nikita Pinnacle
Creditors and claims
As the order records them
received no claims from its shareholders concerned with the Corporate Person
Creditor approval
there was no need to have the Creditor's Meeting since there were no creditors as on the Liquidation Commencement Date
Litigation and delays
The frictions the order records
Litigation
there is no litigation pending against the Corporate Person during the above referred period
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.