Voluntary liquidation · IBC s.59

Decagon Investments Private Limited

CIN · U65993MH1996PTC102162 Company Maharashtra 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

16 May 2023

View process timeline

What did the wind-down return?

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

Assets realised

Rs 99.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 94.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 5.1%Rs 5.00 L

Members · 94.9%Rs 94.00 L

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 99.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 5.00 L
Surplus to members	Rs 94.00 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 register

Time to dissolve529 days

89 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down5.1% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 99.00 L

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. Here, Rs 94.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: MUMBAI BENCH-IV
Case number: CP (IB) No.243/MB-IV/2023
Order date: 16 May 2023

Company shall be dissolved from the date of this order.

What the bench said

Affairs of the company have been completely wound up, and its assets have been completely liquidated.

16 May 2023 · CP (IB) No.243/MB-IV/2023 · 5 pages Read the order

Why the company wound up

In the order's own words

Company is not carrying any business and not earning any profits.

What it was doing by the end: The Company is not carrying any business and not earning any profits.

The wind-down, stage by stage

7 dated stages

529 days to dissolve

29 Nov 2021 Declaration of solvency
3 Dec 2021 Liquidation commenced
7 Dec 2021 Public announcement
14 Jan 2022 Preliminary report
29 Nov 2022 Final report
16 May 2023 NCLT order
16 May 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: Maharashtra
ROC: ROC Mumbai
Industry: Finance
PIN: 400051
Incorporated: 26 Aug 1996
Authorised capital: Rs 6.25 Cr
Paid-up capital: Rs 5.98 Cr
CIN: U65993MH1996PTC102162
Registered office: 2/F, 2 NORTH AVENUE, MAKER MAXITY BANDRA KURLA COMPLEX, BANDRA (EAST),MUMBAI,Mumbai City,Maharashtra,400051-India

Directors named in the order

Anubhav Agarwal · Praveen Kumar

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

What the company held

No realizable assets.

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.