Camo Software 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 6.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 19.00 L |
|---|---|
| Amount due to creditors | Rs 6.00 L |
| Amount paid to creditors | Rs 6.00 L |
| Liquidation expenses | Rs 14.00 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 register160 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
below 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. 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. No.183/BB/2019
- Order date
- 13 Nov 2019
Dissolved Company with immediate effect
What the bench said
The learned Liquidator has complied with all the conditions and procedural requirements as specified under various provisions of Section 59 of the Insolvency & Bankruptcy Code, 2016, and Regulations.
Statutory observations
Income Tax department No Due Certificate obtained on 22 March 2018. Deregistered from Service Tax, Import Export Code, Provident Fund, Professional Tax, Shops & Establishments, Karnataka Value Added Tax, Income Tax, and Software Technology Parks of India. RBI raised queries relating to Foreign Direct Investment during 2017-18 which were submitted.
Why the company wound up
In the order's own words
- What it was set up to do
- carry out development and export of software related services, Computer training, e-commerce, medical transcription, internet services, Technical consultancy services, Onsite consultancy services abroad, recruitment services of technical persons in India and abroad and any other Information Technology related services
The wind-down, stage by stage
8 dated stages
- 26 Sep 2017 Board resolution to wind up
- 26 Sep 2017 Declaration of solvency
- 26 Sep 2017 Liquidation commenced
- 1 Oct 2017 Public announcement
- 24 Nov 2017 Last date for creditors to claim
- 20 Sep 2019 Final report
- 13 Nov 2019 NCLT order
- 13 Nov 2019 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 (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560071
- Incorporated
- 29 Jun 2000
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 9.37 L
- CIN
- U72900KA2000PTC027367
- Registered office
- 14/15, KRISHNA REDDY COLONY,DOMULAR LAYOUT, BANGALORE,BANGALORE,Karnataka,560071-India
Directors named in the order
Ganapati Mahabaleshwar Hegde
Creditors and claims
As the order records them
Claims received from operational creditors: Durga Krishnamurthi (69,620), Hemanth & Co (45,520), Perfin Consulting (9,000), Ganapati Mahabaleshwar Hegde (4,20,000), Nanjundaswami P (18,000), Sri Sai Exim (55,224).
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.