40 Companies in Bihar InLiquidation


 

In Bihar Region 40 Companies have gone  In Liquidation

The below list of companies which are under liquidation is an extract of only Public Limited companies in Bihar Region, a more exhaustive list containing the list of companies outside Bihar Region also including Private Limited companies is available on the website of  The Ministry Of Corporate Affairs, I have restricted the list as we deal only with the Public Limited companies on this Website.

It is pertinent to note that the said list is updated only till 2008, apparently the Ministry is not in business thereafter. You will also notice that  considerable time has elapsed from the date of Liquidation of some of these companies but hardly any company has disbursed the Liquidation proceeds to the shareholders till date.

To counter this situation,  shareholders are requested to file application under RTI Act before the Ministry or the Official  liquidator and obtained a detailed account of the disbursement of the Liquidation proceeds. Any shareholder holding shares of any such Company/Companies can file an application under RTI asking for the  details of the liquidation proceeds of the company in which he is holding the shares. The procedure for filling an application under RTI Act is available on The Ministry of Corporate Affairs website.

I would appreciate if all the investors will do the same and also share the outcome which can be published  on this Website. 

Office of the Official Liquidator : High Court, Patna
List of Cases under liquidation as on 30.04.2008
Winding up order passed by the Court 

Sr. No.

Name of the

Company

(In liquidation)

Company

Petition No.

Date of winding up orders

passed by the

Hon’ble Court

Present legal position / status of the case

1

Oriental Bank of India Ltd.  CAC 4/53 08.05.1953 Final A/c. filed u/s. 481 before Hon’ble Court for dissolution of Company which is pending. 

2

Book & StoresLtd.

 

CP 5/61

23.02.1962 Several certificate cases are pending in different districts & present position is to be obtained from the certificate officer and the matter is pending before Hon’ble Court.  The case is not listed since long. 

3

Ganga DevySugar Mills Ltd CAC 7/67  04.11.1968 Matter sub-judice to dissolve           the company.

4

Rohtas Valley Farm    &Orchard Ltd.    23.02.1970 The compensation of Land from the Govt of Bihar is to be realized.

5

Purnea Banking Co. Ltd. CP 09/70  05.02.1971 Permission for filing Report u/s. 481 is awaited from Hon’ble Court. Case is not listed since long. 

6

MaksudpurRefrigeration Indus. Ltd.    31.10.1975 The CompanyApplication No. 4 of 1998 u/s. 543 is subjudice before Hon’ble Court for order.  Company Appeal No. 16 of 2004 is also pending before Hon’ble Court.  Notices issued to secured creditor & intervenor for furnish detail of other assets. 

7

Thakur             RamGanga Prasad Pvt.            Ltd. CP 05/77 02.11.1979 Litigation by eight (8) bigha land is pending.  LPA filed by OP is also subjudice before Hon’ble Court for hearing. Last order passed on23.6.2006 for valuation of land and prepare creditors list and report is being filed. 

8

RohtasIndustries Limited CP 03/84 24.11.1995 The provident funddues     to         the             ex-employees approximate 8 crores has been distributed through Bank Draft issued by PNB.  In misfeasance cases evidence of OL has been completed on18.08.06          and19.08.2006.  Factory units have been sold to Railway at Rs. 140.00 crores and Railway deposited entire sale price toOL vide sale confirmation order dated 11.01.2007.  The appeal is to be heard before the Division Bench for further directions as per order of the Hon’ble Supreme

Court.

 

9

Krishi Chemico Limited CP 3/87 08.11.1988 The Court directed to ex-management to settle liabilities of the company. 

10

Ashoka CementLtd. CP 3/87 06.03.1992 Part Assets of the company have been sold and the possession has been handed over to
        Railway.  The appeal is to be heard before the Division Bench for further directions as per order of the Hon’ble SupremeCourt. 

11

ThakurShipping Ltd. CP 5/90 05.05.1995 Misfeasance case is pending u/s. 543. 

12

Hathwa Metals & Tubes Ltd.   CP 1/91 28.07.1995 Assets of the company have been sold and the possession has been handed over to the party.  Claim is to be settled after prior permission from the Hon’ble Court. 

13

Bihar    WoolenFabrics Ltd.   CP 02/91 29.11.1991 Claims has been settled and paidReport is to be filed before Hon’ble Court u/s. 481 after disposal of DRT matter as pending before DRT. 

14

Precision Blanking (India) Ltd. CP 03/92 23.11.1992 The claim of SecuredCreditors for settlement is pending before Hon’bleCourt. 

15

ArnilCeratronics

CP 6/92

31.03.95

Claim has been settled and paid.  The
  Limited     Secured Creditor has directed to furnish detail of assets as mentioned by theSecured Creditor. 

16

Aryabhatt Paper Mills Limited CP 02/94

07.04.95

Part assets of the Company have been sold and steps is to be taken for disposal of remaining assets. 

17

GangaVanaspati Ltd. CP 02/95

07.04.95

Claim settlement is under process before the Hon’ble Court. 

18

Dehri Rohtas Light  Railways Ltd. CP 01/96

05.01.96

Part assets of the company have been sold and the possession has been handed over toRailway.  The appeal is to be heard before the Division Bench for further directions as per order of the Hon’ble SupremeCourt. 

19

Parshwa Mining & Trading Co.Ltd.

CP 2/96

05.01.96

Part assets of the company have been sold and the possession has been handed over toRailway.  The appeal is to be heard before the Division Bench for further directions
        as per order of the Hon’ble SupremeCourt.

20

Jaimangal Limited CP 10/96

05.12.97

Disposal of assets as well as tenancy matter is pending before the Hon’ble Court. 

21

NacroChemicals Ltd. CP 11/96

08.01.97

Claim settlement is under process before the Hon’ble Court. 

22

Auro    WheatProducts Ltd. CP 04/97

17.10.97

Claim has been settled and paidReport is to be filed before Hon’ble Court u/s. 481. 

23

Progressive Cement Ltd. CP 07/97

29.01.02

Report is pending before Hon’ble Court regarding theft matter between Security Agency namely M/s.Mahalaxhmi & Detective Security Services Pvt. Ltd. 

24

HathwaVanaspati Ltd. CP 05/92

10.07.98 

A part asset of the company has been sold and a step is to be taken for disposal of remaining assets as landed properties. 

25

ShivshaktiBuilders             &Finance Ltd. CP 07/98

15.05.98

A part asset of the company has been sold and a step is to
        be taken for disposal of remaining assets as landed properties. 

26

Gopal   JuteIndustries Ltd. CP 08/98

16.08.98

A part asset of the company has been sold and a step is to be taken for disposal of remaining assets as landed properties.

27

Helious Finance & Invest Ltd. CP 07/99

08.10.98

Revival petition filedby        the       ex-

management    is pending             before

Hon’ble Court.

 

28

Helious Corporation Ltd.

CP 8/9

19.5.2000

Revival petition filedby        the       ex-

management    is pending             before

Hon’ble Court.

 

29

RanjanChemicals Ltd. CP 02/01

01.11.02

Claim   has       beensettled and report  filed before Hon’ble Court for order for payment. 

30

Sunil Ployplast Ltd. CP 08/02

13.12.02

Part assets of the company have been sold and a step is to be taken for disposal of remaining assets as landed properties. 

31

Kishanganj Bank Ltd. CP 06/73

02.11.73

After realizing the full amount ofZamindari
        compensation this company will be dissolve.  The certificate cases are also pending in different district certificate officers.  Report filed before Court for direction.  Case Not listed since long. 

32

BharatPlantation Ltd. CP 04/95

01.08.96

Sale matter is pending beforeHon’ble Court. 

33

        Paper Mills Ltd. CP 01/02

18.04.03

Assets sold but Appeal is pending before Division Bench against sale order. 

34

Bhawani PaperMills Ltd. CP 08/97

13.04.04

Revival petition filed by the ex-management    is
        pending before Hon’ble Court. Report has been filed before Hon’Ble Court for recovery from Security Agency M/s.MSDS Pvt. Ltd. regarding loss of assets. 

35

Standard Saving & InvestmentCo. Ltd. CP 11/98

21.05.04

The ex-directors of the company did not hand over the assets and Books ofAccounts as directors are traceless and Statement of Affairs not yet filed.  Partial possession of the assets at Bhagalpur, Bihar has been taken. However,         DM,Bhagalpur has been requested to take action u/s. 456 of theCompanies       Act,1956. Petition filed

by        the       ex-

management for revival of the company.  In the order was passed for filing Statement of Affairs.

 

36

Ency Chemicals Ltd. CP 04/04

24.08.06

Entire asset has been sold and possession has been handed to
        the purchaser.  Sale Deed has not yet been executed. 

37

PyritesPhosphates             &Chemicals Ltd. CP 14/02

12.07.07

Sale have been confirmed of Part assets of company but final payment not yet       made. Liquidation proceeding is under process. 

38

BahubaliCement Ltd. CP 13/03

09.08.07

The matter is pending with Secured Creditor who is in possession and disposal of the assets of company as per order of the Hon’ble Court undersupervision of OL 

Voluntary Winding Up

Sl. No. Name of Company

Date of Winding Up

Position of Statement filed with ROC

Present status of liquidation proceeding

 

1

Bihar United Insurance Limited

08.01.1996

Under process

Proceeding is pending

 

2

Eastern Galvanising Industries Ltd.

28.04.1999

Under process

Proceeding is pending

 

31 Responses to 40 Companies in Bihar InLiquidation

  1. sanjay says:

    Helios corporation ltd is not under liquidation and it is action after high courts intervetion, kindly re correct ur information and make changes in ur site

  2. sanjay says:

    Helios corporation ltd is active company in roc list and site after high court interferences

  3. Mukund Kini says:

    Dear Sanjay,

    I appreciate your concern for the appearance of the said company under-Liquidation list, however the said company is still appearing in the said list on http://www.mca.gov.in and also on http://www.watchoutinvest.com, both are government sponsered websites.
    Nevertheless I would be happy to delete the same from the list, however I would appreciate if you could produce something to show that the same is not under liquidation or alternately an official communication by the management of the company will also suffice.The said communication can be sent on junksharesindia@gmail.com .

    I would also appreciate if you can update about the brief history and current status of the company, which will be to the benefit of our viewers.

  4. sanjay says:

    This list of companies in liquidation in bihar is old list as on year 2008, helios corporation ltd is out of liquidation chart after the order of hon’ble company judge dated 14-10 2011 in com pet no-4/2000.helios corporation was never under liquidation, it is totally mistake of govt roc(mca) official.helios corporation is running company from last more than 15 yrs.

  5. sanjay says:

    Get present list as on 2013
    from official liquidator and then publish

    • Mukund Kini says:

      Dear Sanjay,

      I had written to MCA for the latest list and also sent them remainders on the same,however I regret there is no reply what so ever, hence this is their last published list, which we have to relly upon.

  6. sanjay says:

    Helios corporation is running its business from last 15 yrs by the order of honourable patna high court

    • Mukund Kini says:

      Dear Sanjay,
      Are the Shares of Helios Traded on any stock exchage ?, if they are traded then this will ward off the doubt.
      Are the shares Dematerialized, if not why?

  7. sanjay says:

    No shares of helios corporation is not in any of stock exchange because it is unlisted company and
    closely held company.

  8. sanjay says:

    Better u write at official liquidator patna he will supply u the latest list

  9. sanjay says:

    Please ensure first that uploaded information are correct in current status before publishing.

    • Mukund Kini says:

      Dear Sir,

      There is no point in agitating over this issue by sending repeated comments, I have already explained to you in the past that If you want the same to be deleted please provide me with an official communication from the Company or provide me with a solid proof.

      The information published are not my own, but is an extract from the website of the MCA. You may agitate your issue on MCAs platform and ask them to delete your name, I fail to understand why the same is not happening from your side ?

      You are also not stating your position in the company ? why do you want the same to be deleted when none from the company has approached us?

      Also please note that another wesite http://www.watchoutinvestors.com is also publishing Helios Corp under Liquidation. Click http://www.watchoutinvestors.co.in/search_new.asp

      Further according to the news paper reports Indian Express dt 15 July 1997 The Reserve Bank of India (RBI) has prohibited Patna-based Helios Finance and Investment Ltd and Helios Corporation Ltd from accepting deposits from the public. The said issue was pending before the Hon’ble Patna High court untill 29th July 2011, The current position of the above ban and subsequent petition is not know.

      You may visit the following links for the above mentioned informations.

      http://www.financialexpress.com/old/ie/daily/19970715/19650183.html
      http://indiankanoon.org/doc/994403/

      The motive of this website is to Protect the interest of the Investors and provide them with updated information to take an informed investment decision.

      While we appreciate your right and freedom of agaitating an issue also Please be informed that your mere agitation over this website will not resolve your objections to your satisfaction, hence you are once again requested to come out with solid evidence on your claim for deleting the name of the company from the List of Liquidation.

  10. sanjay says:

    Why dont u see the master details of helios corporation ltd issued by mca where u will see that company status is active, before publishing any news u should gather all information, u should know that when company is put under liquidation it clearly shows that in company master details of mca. The ban order and entire issue is pending for admission before honble high court patna in case number 4/2000 comp petition. In that case no liquidator is appointed, on 19-5-2000 wrongly provisional was appointed and the same was challenged before div bench in comp appeal 5/2000 and on 13-2-2001 the same provisional liquidator was discharged. You should check /verify before publishing any news.

  11. sanjay says:

    The name in latest official liqudator list of patna company should be gathered by you from the official liquidator in current status, because you have not published this news in 2008, you have published now so u should correct your self to maintain credibility of ur site.

  12. sanjay says:

    Junk shares does not mean junk news ,
    Your all information is junk about helios corporation ltd

  13. sanjay says:

    Please dont get irritated, i am suggesting so that credibility of site is maintained

  14. RAJ KUMAR MANDAL says:

    DEAR SANJAY JI, IHAD INVESTED RS 50000 ON MASTER GREEN GOLD HELIOUS PLANTATION LTD OO 1966 FOR 4 YERS WHAT IS FUTURE OF THIS INVESTMENT

    • RAJ KUMAR MANDAL says:

      1996 NOT 1966

      • RAJ KUMAR MANDAL says:

        i had invested 50, ooo on master green gold in helios plantation and developers ltdon 26 th feb 1966 received certificate no 2741/MGGM/96.but till date i do not get any m
        oney from this co they promised to return rs 1,50,000 in 4 yrsthat is on 26/2/2000

  15. Mukund Kini says:

    Dear Sanjay,
    Now pl reply ?

    Dear Rajkumarji,
    I appreciate bringing this to the notice of the investors.

  16. sanjay kumar singh says:

    sir , what is the current position of Helious finance company which is under liquadation. I had invested rs. 60,000 in 1997 but this company cheated me. 18 years passed but did not get any money. Please inform me, if there is any positive news. thanks. ~ Sanjay

  17. RAJ KUMAR MANDAL says:

    helios plantation and developers ltd did not return money till date 24th oct 2015 ihad deposited money Rs 50000through draft no MOLA/52 308350 DATED 26TH FEB 1996 DRAWN ON S.B.I. GHATOTAND.SANJAY SINGH HAD PROMISED TO RETURN 1,50,OOO ON 26 TH FEB 2000 BUT 15 YEARS PASSED THEY DO NOT GIVE ANY RESPONSE OR CHEATED ME

  18. RAJ KUMAR MANDAL says:

    i had deposited money throgh draft no mola/52 sbi ghatotand dated 26th 1996 Rs 50000 sanjay sigh had to return 150000 on 26/2/2000 but they do not give any response to it niether return my money till date 24 oct 2015.this is for infomation

  19. RAJ KUMAR MANDAL says:

    sanjay singh ji do not give any response to me niether return my money yet till date 24/10/2015

  20. not get any ammount till 24th oct 2015

    • RAJ KUMAR MANDAL says:

      not receved any amount invested in helios plantation and developers ltd maturity ammount on 26 feb 2000 was 150000

  21. RAJ KUMAR MANDAL says:

    sanjay singh ji not replied against refund of my money invested in helios plantation and developers ltd maturity ammount on 26 feb 2000 150000. please give information to me

  22. RAJ KUMAR MANDAL says:

    not replied tilldate 24april 2016

  23. Dhananjay kumar says:

    Mera nam Dhananjay kumar hai, mai puchna chahta hu ki Helios finance & investment ltd company sabhi investors ka paisa return kab kategi.

    • Raj Kumar Mandal says:

      Now company is silent on money ma turity ammount of 150000 Helios plantation and developers ltd maturity date is 26 feb 2000 do not reply and cheated me

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PHYSICAL SHARES, DELISTED SHARES, Untraded, Unlisted, Non-Traded, Unquoted, Suspended, Illiquid, Junk Stocks, Shares - This blog provideds you a plotform to BUY/SELL such Shares.

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PHYSICAL SHARES, DELISTED SHARES, Untraded, Unlisted, Non-Traded, Unquoted, Suspended, Illiquid, Junk Stocks, Shares - This blog provideds you a plotform to BUY/SELL such Shares.

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