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

 

Deemed Conveyance & Redevelopment of Old Buildings and Slums

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.

Dunlop

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.

%d bloggers like this: