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RESEARCH From the Research Desk — The sub-Rs 100 crore acquisition market, sized. Read it →
Voluntary liquidation · IBC s.59

Airstar Digital Finserv Private Limited

CIN · U67100KA2018FTC117484 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

12 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 1.88 Cr
Value realised from assets
Paid to creditors
Rs 1.71 Cr
100.0% of reported dues
Surplus to members
Rs 0
A zero surplus is recorded

Where the money went

Share of realisation
Creditors · 91.0%Rs 1.71 Cr
Expenses · 9.0%Rs 17.00 L
Members · 0.0%Rs 0

Amount due to creditors: Rs 1.71 Cr. Reported payout equals 100.0% of dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 1.88 Cr
Amount due to creditorsRs 1.71 Cr
Amount paid to creditorsRs 1.71 Cr
Liquidation expensesRs 17.00 L
Surplus to membersRs 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 dissolve994 days

376 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down9.0% of realisation

the median is 9.5%

Surplus returnedNo

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

SizeRs 1.88 Cr

above 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. Creditor dues were met with no surplus remaining after costs.

The NCLT order

Read from the document itself

Bench
Bengaluru Bench
Case number
C.P. (IB) No.120/BB/2025
Order date
12 Dec 2025

Dissolved effective order date

What the bench said

On examination of submissions and documents, the affairs of the Applicant have been completely wound up, its assets have entirely been liquidated, and the Applicant Company deserves to be dissolved.

Statutory observations

ROC Karnataka filed a Status Report stating no enquiry/inspection/complaint/legal action is pending, and requested the Liquidator to verify if there are any violations under the Companies Act and file an Affidavit confirming compliances, with liberty to prosecute officers if violations come to knowledge in future.

12 Dec 2025 · C.P. (IB) No.120/BB/2025 · 5 pages Read the order

The wind-down, stage by stage

13 dated stages

994 days to dissolve
  1. 6 Mar 2023 Board resolution to wind up
  2. 20 Mar 2023 Declaration of solvency
  3. 24 Mar 2023 Liquidation commenced
  4. 27 Mar 2023 Public announcement
  5. 24 Apr 2023 Last date for creditors to claim
  6. 5 May 2023 Preliminary report
  7. 5 May 2025 Final report
  8. 13 May 2025 Final report filed with the ROC
  9. 13 May 2025 Final report filed with IBBI
  10. 29 May 2025 Dissolution application filed
  11. 27 Nov 2025 Last hearing
  12. 12 Dec 2025 NCLT order
  13. 12 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
Finance
PIN
560103
Incorporated
10 Oct 2018
Authorised capital
Rs 11.10 Cr
Paid-up capital
Rs 2.60 Cr
CIN
U67100KA2018FTC117484
Registered office
Orchid Block E,Ground Floor to 4th Floor Embasy Tech Village, Marathahalli,,SARJAPURA OUTER RING ROAD,Bangalore,Karnataka,560103-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 1.88 Cr
Total payments
Rs 1.88 Cr
Liquidator fee
Rs 1.08 L

Receipts

Opening Bank Balance/ Amount transferred to Liquidation Bank Account 24 Mar 2023Rs 1.88 Cr

Payments

Liquidator FeeRs 1.08 L
Advertisement CostRs 14,637
Filing Fee & Bank chargesRs 10,000
Professional & Consultation FeeRs 12.94 L
Income Tax & Other Tax PaidRs 2.27 L
Claim paidRs 27,290
Bank chargesRs 28,045
XIAOMI FINANCE HK LIMITEDRs 1.71 Cr
XIAOMI SINGAPORE FINTECH PVT. LTD.Rs 1,707

Distributed to members

XIAOMI FINANCE HK LIMITEDRs 1.71 Cr
XIAOMI SINGAPORE FINTECH PVT. LTD.Rs 1,707

shareholding pattern of the Corporate Person

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.

Litigation and delays

The frictions the order records

Litigation

No enquiry/inspection/complaint/legal action is pending against the Applicant.

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

Keep exploring.

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