Duta 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 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 65.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 62.00 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 register161 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
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. Here, Rs 62.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chennai Division Bench - I
- Case number
- CP/IB/115 (CHE) 2022
- Order date
- 20 Jan 2023
Dissolved effective order date
What the bench said
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.
Statutory observations
Statutory notices were sent to IT department via speed post on 11.05.2022 and no reply came from the authorities irrespective of notices being served.
The wind-down, stage by stage
7 dated stages
- 24 Sep 2021 Declaration of solvency
- 20 Oct 2021 Board resolution to wind up
- 20 Oct 2021 Liquidation commenced
- 21 Oct 2021 Public announcement
- 19 Nov 2021 Last date for creditors to claim
- 20 Jan 2023 NCLT order
- 20 Jan 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
- Business Services
- PIN
- 600004
- Incorporated
- 29 Jun 2015
- Authorised capital
- Rs 1.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U74900TN2015PTC101170
- Registered office
- New No 75 A,(Old No 105 A), Dr. Radhakrishnan Salai, Mylapore,Chennai,Tamil Nadu,600004-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 64.67 L
- Total payments
- Rs 64.67 L
- Liquidator fee
- Rs 1.77 L
Receipts
| Cash and bank balances | Rs 56.94 L |
|---|---|
| Income Tax Refund receivable | Rs 7.73 L |
| Deferred Tax Asset | Rs 0 |
Payments
| Duta Inc., | Rs 1.00 L |
|---|---|
| Voluntary liquidator’s Fee | Rs 1.77 L |
| Bank Charges for foreign remittance | Rs 9,016 |
| Out of pocket expenses reimbursed including public announcement made | Rs 14,273 |
| Bank Charges -IPIN REGEN charges | Rs 118 |
| NCLT statutory fee, stationery & Other misc fees and expenses | Rs 26,225 |
| Surplus Distributed to Duta inc.. | Rs 61.40 L |
Distributed to members
| Duta Inc. | Rs 61.40 L |
|---|
What the company held
Cash and bank balance, Deferred tax asset, Other current assets- ITR receivable
Litigation and delays
The frictions the order records
Litigation
No disputes are pending in relation to the Applicant Company as on date of filing this application.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.