Valbrass India 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 10.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 4.14 Cr |
|---|---|
| Amount due to creditors | Rs 10.00 L |
| Amount paid to creditors | Rs 10.00 L |
| Liquidation expenses | Rs 10.00 L |
| Surplus to members | Rs 3.94 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 register871 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 3.94 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Ahmedabad Bench Court No. II
- Case number
- CP(IB)/130(AHM)/2022
- Order date
- 18 Jan 2024
Application is allowed. The Applicant Company shall stand dissolved from the date of this order.
What the bench said
On being satisfied that the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and that no objection has been received from relevant authorities nor any liabilities need to be paid further, as such the Applicant Company deserves to be dissolved.
Statutory observations
Income tax department reported no demand of income tax outstanding against the company for AY 2018-19 and no proceedings are pending
Why the company wound up
In the order's own words
recurring losses incurred by the company considering that it is not financially viable to carry on the business
- What it was set up to do
- The Corporat e Person is carrying out business as per its memorandum of association.
- What it was doing by the end
- intend to close the operation because of recurring losses incurred by the company considering that it is not financially viable to carry on the business
The wind-down, stage by stage
7 dated stages
- 5 Nov 2019 Board resolution to wind up
- 21 Dec 2019 Liquidation commenced
- 24 Dec 2019 Public announcement
- 20 Jan 2020 Last date for creditors to claim
- 8 Mar 2022 Final report
- 18 Jan 2024 NCLT order
- 18 Jan 2024 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 (Metals and Chemicals, and products thereof)
- PIN
- 361004
- Incorporated
- 20 Dec 2006
- Authorised capital
- Rs 5.00 Cr
- Paid-up capital
- Rs 4.99 Cr
- CIN
- U27202GJ2006PTC049613
- Registered office
- SHED NO. 250, G.I.D.C., PHASE - II, DARED,JAMNAGAR,Gujarat,361004-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 4.14 Cr
- Total payments
- Rs 4.14 Cr
- Liquidator fee
- Rs 2.36 L
- Liquidation cost
- Rs 9.65 L
Receipts
| Closure of FD - Kotak | Rs 3.79 Cr |
|---|---|
| Closure of FD - Axis | Rs 32.25 L |
| Income Tax Refund AY 2019-20 | Rs 48,440 |
| Income Tax Refund AY 2020-21 | Rs 2.45 L |
| Realisation | Rs 2.93 L |
Payments
| Dhairya Consultancy | Rs 2.20 L |
|---|---|
| Dhanji Parshottambhai Nakum | Rs 1.05 L |
| Pravin Nariya | Rs 2.25 L |
| Kamlesh Rathod & Associates | Rs 3.89 L |
| GST Department Claim | Rs 92,189 |
| Valbrass SRL | Rs 3.93 Cr |
| Igor Facheti | Rs 45,151 |
| Tullia Peli | Rs 45,151 |
| Audit & Certification Expenses | Rs 3.00 L |
| Liquidators' Remuneration | Rs 2.36 L |
| Support Service to Liquidator | Rs 2.36 L |
| Professional Fees to FEMA Consultant | Rs 50,000 |
| E-Voting Charges | Rs 11,800 |
| Bank Charges | Rs 1.29 L |
| Travelling Expenses | Rs 3,000 |
Distributed to members
| Valbrass SRL | Rs 3.93 Cr |
|---|---|
| Igor Facheti | Rs 45,151 |
| Tullia Peli | Rs 45,151 |
section 52 and 53 of the Code
What the company held
company did not have any fixed assets
Creditors and claims
As the order records them
five claims from the operational creditor (Including GST Department) and three claims from other stakeholders amounting to Rs. 10,31,589 and Rs. 31,070,934 respectively
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.