Wellwisher Investment and Trading 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 21.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 19.00 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 register43 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 19.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- CHANDIGARH BENCH, CHANDIGARH
- Case number
- CP (IB) No.140/Chd/Pb/2022
- Order date
- 21 Feb 2023
Corporate Person (Applicant Company) Wellwisher Investment & Trading Limited shall stand dissolved with effect from the date of this order i.e., 21.02.2023.
What the bench said
The Liquidator is found to have complied with the statutory provision to complete the liquidation process by taking necessary steps, and no objection received from any angle opposing the proposed voluntary liquidation.
Statutory observations
RoC filed its report stating that no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company.
Why the company wound up
In the order's own words
- What it was set up to do
- carry on the business as buyers, sellers, importers, exporters, stockists, agents, commission agents, forwarding and clearing agents, distributors, warehousemen merchant, traders, sales organisers, representatives of manufacturers of all kinds of commodities, goods, articles, materials and things
The wind-down, stage by stage
6 dated stages
- 29 Jun 2021 Declaration of solvency
- 26 Jul 2021 Liquidation commenced
- 30 Jul 2021 Public announcement
- 9 Sep 2021 Preliminary report
- 21 Feb 2023 NCLT order
- 21 Feb 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
- Public
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Punjab
- ROC
- ROC Chandigarh
- Industry
- Finance
- PIN
- 000000
- Incorporated
- 14 May 1993
- Authorised capital
- Rs 25.00 L
- Paid-up capital
- Rs 24.00 L
- CIN
- U65921PB1993PLC013349
- Registered office
- REGD OFF 703INDUSTRIAL AREA A LUDHIANA,PUNJAB,Punjab,000000-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Bank Balance Liquid Assets only
Creditors and claims
As the order records them
pursuant to the public announcement, no claims were received, and all the claims stand settled.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.