Liquidated companies in Jaipur Region 34 Nos

34 Companies Liquidated in Jaipur Region

The below list of companies which are under liquidation is an extract of only Public Limited companies in Jaipur Region, a more exhaustive list containing the list of companies outside Jaipur 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 OFFICIAL LIQUIDATOR, JAIPUR

STATEMENT OF COMPULSORY WINDING UP  FOR THE MONTH OF JUNE , 2008

Sl.No.	Name of the company (In Liquidation)		CompanyPetition No.	Date of winding-up orders passed by the Hon’ble Court..	Present legal position/status of the case.
01.	Pareek Commercial Bank Ltd.		1/1952	31.07.1952	The dividend to unsecured creditors was declared by advertisement only. No one came forward to claim the amount of dividend meanwhile notice from Income Tax Department was received. The steps to seek further directions from the court in this regard are being taken.
02.	Maharaja Kishangarh Mills Limited		3/1956	11.04.1958
03.	Udaibhan Industries Limited		2/1957	08.05.1969
04.	Maha Laxmi Colour Mfg.Company limited		7/1953	07.03.1969
05.	Naidoli Agro Industries Ltd.		4/1978	29.02.1980
06.	Jaipur Spinning & Weaving Mills Limited		10/1980	02.12.1983
07.	Standard Woollens Limited		02/1984	28.10.1985
08.	Rajasthan wooltex Limited		13/1986	18.09.1987
09.	India Electronics Limited		01/1985	25.08.1989
10	Aravali Ispat Limited		09/1988	22.12.1989
11	Bhilwara Wooltex Limited		12/1988	10.08.1990
12	Asup Synthetics & Chemicals Limited		20/1987	01.02.1991
13	Satsuvan Paper Mills Limited		18/1991	21.02.1992
14	Spintex Tubes & Cones Ltd.		03/1992	27.03.1992
15	Universal Computers Limited		02/1990	01.05.1992
16	Machhar Textiles Mills Limited		10/1991	17.08.1993
17	Rajasthan Jeevan Nidhi Sanchay Prabandh		01/1994	08.07.1994
18	Shree Shiva Spinners Limited		48/1999	29.01.1979	The possession of the factory and records lying at Abu Road have been taken.Inventory has been prepared. The Hon’ble Court has directed the Official Liquidator to handover the possession to RIICO which has been given. Case U/S. 542/543 filed on 22.02.2006 which is pending.
19	XLO United Clutch Products Limited		11/1995	02.12.1983	The winding-up order has been  set aside by the court vide order dated 19.12.2005. The possession still to be given.
20	Lok Vikas Finance Corporation Limited		31/2000	13.01.1984	The possession of registered office and some branch offices have been taken.The Registrar of the Societies has also appointed administrator before winding-up orders and the matter is pending before the Hon’ble Court. Misfeasance U/S. 542/543 & 454 filed  and pending.
21	Parakaram Technofab Limited		38/1999	23.08.1985	The possession of factory and records lying at Neemrana (Shajahanpur) Alwar have been taken.The assets has been sold. The claims have been invited and paid to secured creditors and workman. The case U/S. 454 & 542/543 filed and pending.
22	Mansinghka Oil Products Limited		03/2001	28.10.1985	Possession of assets have been taken. Assets have been sold. Claims have been invited.The claims filed  are under examination. The case u/s. 454 & 542/543 filed and pending.
23	Unikol Bottlers  Limited		15/1993	21.04.1986	Nothing has come in the hands of the Official Liquidator. The court receiver was appointed by the Hon’ble High Court of Mumbai before the date of passing winding-up order. The record has been taken over recently. Case u/s. 454 & 542/543 filed which are pending.
24	Rathi Alloys & Stteels Limited		36/2000	22.07.1988	Possession of assets have been taken. Soled the assets. 25% sale proceeds deposited  rest amount shall be deposited within two months sale confirmed by the Hon’ble Court on 27.11.2007. Case u/s. 542 filed which is pending
25	Basera Cement Limited		38/2000	29.07.1988	Possession have been taken. The case u/s. 454 filed which is pending The plant & machinery have been sold and possession of plant & machinery have been given to purchaser.
26	Swastik House Leasing Limited		15/1999	05.05.1989	Only records have been received and there are no assets. Case U/S. 542/543 filed which is pending.
27	R.B.B.L. Industries Limited		30/1999	12.05.1989	The possession of the Assets have been taken. The application for sale moved the same has been  allowed.  The date for providing inspection of assets fixed on 11 & 12.09.2006 and tender has been invited but no tender etc. has been received.
28	C.V. Steels Limited		34/1998	25.08.1989	The assets of the company are under the  possession of RIICO. The case u/s. 454 filed against the exmanagement for non filing the statement of affairs which is still pending in the court. The application for valuation moved and has been allowed by the Hon’ble Court. Now the date of valuation fixed for 24.12.2007.
29	Kishangarh Fabrics Limited		03/2002	03.11.1989	The possession of land & building has been taken . Plant & Machinery were sold by the exmanagement.
30	Pittie Cement & Industries Limited		06/99	22.12.1989	Possession is under DRT. The prosecution u/s. 454 has been launched against the ex-directors which is pending in the court. The possession is with DRT, Jaipur.
31	Pooja Granites & Marbles Limited.		11/1998	10.08.1990	The possession taken by High Court order 20.04.2006.
32	Triveni Greenery & Finlease India Limited		31/1998	17.08.1993	The possession could not be taken as  nothing is found at the place. For whereabouts of ex-directors police authority has been asked by this office. But reply is still awaited.
33	Kesari Vanaspati Products Limited		28/20003	08.07.1994	The assets of the company under possession of Official Liquidator. The DRT has placed for auction of assets. The stay application filed by Official Liquidator  is granted. The sale application filed by Official Liquidator  is  pending.
34	Aapka Bazar Jaipur Limited		26/2003	12.08.1994	The possession could not be taken due to non availability of office at given address. The  notices issued to exdirectors received undelivered. Letters were also issued to the petitioners which have also returned back undelivered. For present whereabouts the police authority Jaipur/Delhi have also been requested. But no suitable reply received. It is known from the News Papers that the ex-directors are absconding.