Builddirect Technologies India Private Limited
The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.
What did the wind-down return?
Reported financials Rs crore, shown in lakh below Rs 1 crore
Where the money went
Share of realisationAmount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 2.09 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 49.00 L |
| Surplus to members | Rs 1.60 Cr |
"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 register498 days slower than the median of 618 days across 1,597 completed wind-downs
the median is 9.5%
72% of completed wind-downs returned a surplus to members
above the median realisation of Rs 66.00 L
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. Here, Rs 1.60 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- SPECIAL BENCH, BENGALURU
- Case number
- C.P.(IB)No.07/BB/2023
- Order date
- 24 Aug 2023
M/s. BuildDirect Technologies India Private Limited, the Applicant Company is hereby dissolved with effect from the date of the present order.
What the bench said
Therefore, the affairs of the Corporate Person have been completely wound up and its assets have been liquidated and nothing remains to be liquidated.
Why the company wound up
In the order's own words
- What it was set up to do
- engaged in the business of designing, developing, improving, marketing, distributing, selling, buying, exporting, importing, operating, supporting, maintaining, advising, consulting, implementing, altering and licensing or otherwise dealing web based enterprise software applications and ancillary software solutions and services etc.
The wind-down, stage by stage
12 dated stages
- 29 Jul 2020 Declaration of solvency
- 31 Jul 2020 Board resolution to wind up
- 3 Aug 2020 Liquidation commenced
- 8 Aug 2020 Public announcement
- 1 Sep 2020 Last date for creditors to claim
- 10 Sep 2020 Preliminary report
- 5 May 2022 Final report
- 9 May 2022 Final report filed with the ROC
- 9 May 2022 Final report filed with IBBI
- 23 Jun 2022 Dissolution application filed
- 24 Aug 2023 NCLT order
- 24 Aug 2023 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
- Non-government company
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560103
- Incorporated
- 6 Feb 2015
- Authorised capital
- Rs 6.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72900KA2015PTC078755
- Registered office
- Smartworks Coworking Spaces Pvt Ltd, Block C, Global Technology Park, Marathahalli Out,er Ring Rd,Bengaluru,Bangalore,Karnataka,560103-India
Creditors and claims
As the order records them
There were no claims received by the Applicant.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.