Digital First Online Brands 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 1.75 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 16.00 L |
| Surplus to members | Rs 1.59 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 register27 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 1.59 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. 13/BB/2023
- Order date
- 24 Aug 2023
Digital First Online Brands Pvt. Ltd., Applicant Company is hereby dissolved with effect from the date of the present order.
What the bench said
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
- to engage in all type of business related to wholesale cash & carry trading of any and all types of and varieties of Cosmetics, non-prescribed drugs, health care products, Ayurvedic and dietary supplement products etc.
The wind-down, stage by stage
12 dated stages
- 7 Jan 2022 Board resolution to wind up
- 10 Jan 2022 Declaration of solvency
- 10 Jan 2022 Liquidation commenced
- 12 Jan 2022 Public announcement
- 9 Feb 2022 Last date for creditors to claim
- 23 Feb 2022 Preliminary report
- 19 Dec 2022 Final report
- 20 Dec 2022 Final report filed with the ROC
- 20 Dec 2022 Final report filed with IBBI
- 22 Dec 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
- Trading
- PIN
- 560025
- Incorporated
- 16 Feb 2017
- Authorised capital
- Rs 1.60 Cr
- Paid-up capital
- Rs 49.60 L
- CIN
- U51900KA2017PTC100556
- Registered office
- NO 303 PALMS SQUARE, BRIGADE ROAD,BANGALORE,Bangalore,Karnataka,560025-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members
| Vivayogi Private Limited | Rs 1.59 Cr |
|---|---|
| Mr. Aravind Sokke Umapathi | Rs 1,202 |
in proportion to their holding
Creditors and claims
As the order records them
No claims were received from any creditors other than shareholders.
Creditor approval
No claims were received from any creditors other than shareholders.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.