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Voluntary liquidation · IBC s.59

Acia Communications Technology (India) Private Limited

CIN · U74999KA2016FTC095984 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 Wind-down in progress

Running for 1,281 days

View process timeline

What did the wind-down return?

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

Assets realised
Not reported
Value realised from assets
Paid to creditors
Not reported
Figures arrive at dissolution
Surplus to members
Not reported
Surplus figure not available

Where the money went

Reported amounts
This wind-down has not concluded. The money columns are empty because the figures are only reported once the liquidator files the final report — an accurate picture of an unfinished process, not a gap in the record.
CreditorsNot reported
ExpensesNot reported
MembersNot reported

Creditor dues are not reported, so the payout cannot be assessed against them.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsNot reported
Amount due to creditorsNot reported
Amount paid to creditorsNot reported
Liquidation expensesNot reported
Surplus to membersNot reported

"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
Running for1,281 days

already longer than the median completed wind-down (618 days)

Against the live bookolder than most

the median age of the 978 wind-downs still in process is 791 days

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. This one has not finished, so the money columns are empty — an accurate picture of an unfinished process, not a gap in the record.

The NCLT order

Read from the document itself

Bench
Bengaluru
Case number
C.P. (IB) No.231/BB/2025
Order date
27 Feb 2026

Dissolved effective order date

What the bench said

On examination of the submissions and documents filed with the Application, it is apparent that the affairs of the Petitioner have been completely wound up, its assets have entirely been liquidated, and as such the Petitioner Company deserves to be dissolved.

Statutory observations

the respondent ROC, Karnataka has filed the Status Report to the effect that no enquiry/inspection/complaint/legal action is pending against the Petitioner Company

27 Feb 2026 · C.P. (IB) No.231/BB/2025 · 6 pages Read the order

The wind-down, stage by stage

11 dated stages

  1. 24 Mar 2023 Board resolution to wind up
  2. 24 Mar 2023 Declaration of solvency
  3. 27 Mar 2023 Liquidation commenced
  4. 31 Mar 2023 Public announcement
  5. 26 Apr 2023 Last date for creditors to claim
  6. 11 May 2023 Preliminary report
  7. 21 Jul 2025 Final report
  8. 22 Jul 2025 Final report filed with the ROC
  9. 21 Aug 2025 Dissolution application filed
  10. 30 Jan 2026 Last hearing
  11. 27 Feb 2026 NCLT order

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
560001
Incorporated
24 Aug 2016
Authorised capital
Rs 10.00 L
Paid-up capital
Rs 5.00 L
CIN
U74999KA2016FTC095984
Registered office
Brigade South Parade, No. 10, Mahatma Gandhi Road, Bangalore,Bangalore,Bangalore,Karnataka,560001-India
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

Total receipts
Rs 7.38 Cr
Total payments
Rs 7.38 Cr
Liquidator fee
Rs 36,850

Receipts

Bank balance realisedRs 1.13 Cr
Bank balance realisedRs 1.00 Cr
Bank balance realisedRs 5.25 Cr

Payments

Liquidation expensesRs 9,830
Public announcement expenses & RoC filingsRs 26.12 L
Consultant fee -direct and Indirect tax filingsRs 1.77 L
TDS on Consultant fee -direct and Indirect tax filingsRs 89,425
Certification feeRs 4,975
TDS on Certification feeRs 13.44 L
Consultant fee – Compounding under Companies Act 2013Rs 1.49 L
TDS on Consultant fee - Compounding under Companies Act 2013Rs 3.00 L
Penalty - Compounding under Companies Act 2013Rs 64,000
Consultation fee - Compounding under FEMARs 5,000
TDS on Consultation fee – Compounding under FEMARs 61,946
FEMA - RBI Compounding PenaltyRs 60.49 L
Income tax-Self- Assessment TaxRs 25,001
Liquidation audit and certificationRs 3.98 L
Liquidator feeRs 36,850
TDS on Liquidator feeRs 2,356
JPM Bank chargesRs 85.90 L
Payment to creditor – Acacia Communications (Ireland) LimitedRs 1.13 Cr
TDS on Distribution to equity shareholdersRs 856
Payment to equity shareholder - Cisco Systems DanmarkApSRs 4.26 Cr

Creditors and claims

As the order records them

the Liquidator did not receive any claim from any creditors after the public announcement was made

Creditor approval

creditor consent for the Voluntary Liquidation of the company was obtained on 28.03.2023

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

Keep exploring.

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