Voluntary liquidation · IBC s.59

Abaco Systems (India) Private Limited

CIN · U74999KA2016FTC095905 Company Karnataka MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

16 Dec 2025

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 13.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 0

A zero surplus is recorded

Where the money went

Reported amounts

The reported payouts, expenses and surplus do not add up to assets realised. Amounts are shown individually rather than as a split.

CreditorsRs 0

ExpensesRs 6.00 L

MembersRs 0

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 13.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 6.00 L
Surplus to members	Rs 0

"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 register

Time to dissolve211 days

407 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down46.2% of realisation

the median is 9.5%

Surplus returnedNo

72% of completed wind-downs returned a surplus to members

SizeRs 13.00 L

below the median realisation of Rs 66.00 L

Reading this record

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.

The NCLT order

Read from the document itself

Bench: BENGALURU BENCH
Case number: C.P. (IB) No.249/BB/2025
Order date: 16 Dec 2025

What the bench said

Affairs of the applicant completely wound up and assets entirely liquidated

16 Dec 2025 · C.P. (IB) No.249/BB/2025 · 5 pages Read the order

The wind-down, stage by stage

12 dated stages

211 days to dissolve

19 May 2025 Board resolution to wind up
19 May 2025 Declaration of solvency
19 May 2025 Liquidation commenced
21 May 2025 Public announcement
20 Jun 2025 Last date for creditors to claim
2 Jul 2025 Preliminary report
22 Aug 2025 Final report filed with the ROC
22 Aug 2025 Final report filed with IBBI
9 Sep 2025 Dissolution application filed
7 Nov 2025 Last hearing
16 Dec 2025 NCLT order
16 Dec 2025 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: subsidiary of company incorporated outside India
Listing: Unlisted
State: Karnataka
ROC: ROC Bangalore
Industry: Business Services
PIN: 560048
Incorporated: 22 Aug 2016
Authorised capital: Rs 1.00 L
Paid-up capital: Rs 1.00 L
CIN: U74999KA2016FTC095905
Registered office: Bhoruka Tech Park, 3&4 Flr., Mahadevapura, Hoodi, Sy No.27/1(P), 27/2(P)&31(P), Ward No.1,, KR Puram,Bangalore,Bangalore,Karnataka,560048-India

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Creditors and claims

As the order records them

No claims received from any creditors after public announcement

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

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