Ccfid Finance 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 5.47 Cr. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 5.72 Cr |
|---|---|
| Amount due to creditors | Rs 5.47 Cr |
| Amount paid to creditors | Rs 5.47 Cr |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 23.00 L |
"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 register245 days faster 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 23.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - I, CHENNAI
- Case number
- CP(IB)/165(CHE)/2023
- Order date
- 13 Dec 2023
Dissolved effective order date
What the bench said
Thus on examining the submissions made by the Learned Counsel for the Applicant and after perusing the documents annexed to the application, it appears that the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.
Why the company wound up
In the order's own words
The company is not carrying out any business activities as intended and could not identify any business prospects given that the Net Owned Funds limit for NBFCs was revised by the regulator (RBI) TO Rs.20,00,00,000/-.
The wind-down, stage by stage
9 dated stages
- 5 Dec 2022 Board resolution to wind up
- 5 Dec 2022 Liquidation commenced
- 7 Dec 2022 Public announcement
- 18 Jan 2023 Preliminary report
- 30 Aug 2023 Final report
- 31 Aug 2023 Final report filed with the ROC
- 31 Aug 2023 Final report filed with IBBI
- 13 Dec 2023 NCLT order
- 13 Dec 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Finance
- PIN
- 632001
- Incorporated
- 27 Mar 2019
- Authorised capital
- Rs 6.00 Crorder says Rs 10.00 L
- Paid-up capital
- Rs 5.20 Cr
- CIN
- U65929TN2019PTC128313
- Registered office
- 15, Kalas Bagar Gunda Street,,Vellore,Vellore,Tamil Nadu,632001-India
Creditors and claims
As the order records them
Details of claims and distributions provided across categories including liquidation cost, wages, unsecured financial creditors, government dues, operational creditors, and equity share holders.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.