Voluntary liquidation · IBC s.59

Finaxar Technology Solutions Private Limited

CIN · U74999MH2018FTC313820 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

2 Dec 2024

View process timeline

What did the wind-down return?

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

Assets realised

Rs 3.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 0

A zero surplus is recorded

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 100.0%Rs 3.00 L

Members · 0.0%Rs 0

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 3.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 3.00 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 register

Time to dissolve157 days

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

Cost of the wind-down100.0% of realisation

the median is 9.5%

Surplus returnedNo

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

SizeRs 3.00 L

below 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.

The NCLT order

Read from the document itself

Bench: Mumbai Court Room No. 1
Case number: C.P. (IB)/970(MB)2024
Order date: 2 Dec 2024

Dissolved effective order date

What the bench said

the affairs of the company have been completely wound up, and its assets have been completely Liquidated.

2 Dec 2024 · C.P. (IB)/970(MB)2024 · 7 pages Read the order

Why the company wound up

In the order's own words

the Company does not intend to continue its business in India and as such, there will no business in the future.

What it was set up to do: develop, design, structure, establish, maintain, market, buy. import, export. sell. provide, license, implement and set up Support Services business and units, Business Services businesses and units, Support Centers, Business Centers, Software/Computer Software businesses, centers and units, Information Technology enabled businesses, centers and units and Information Technology businesses, centers and units in India or anywhere in world
What it was doing by the end: The company is not doing any business and its books of accounts reflect that the company does not have any liabilities and Creditors nor there are any realizable assets now.

The wind-down, stage by stage

11 dated stages

157 days to dissolve

28 Jun 2024 Liquidation commenced
1 Jul 2024 Public announcement
21 Jul 2024 Board resolution to wind up
28 Jul 2024 Last date for creditors to claim
9 Aug 2024 Preliminary report
11 Sep 2024 Final report
17 Sep 2024 Final report filed with the ROC
20 Sep 2024 Final report filed with IBBI
2 Dec 2024 Last hearing
2 Dec 2024 NCLT order
2 Dec 2024 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: subsidiary of company incorporated outside India
Listing: Unlisted
State: Maharashtra
ROC: ROC Mumbai
Industry: Business Services
PIN: 400051
Incorporated: 10 Sep 2018
Authorised capital: Rs 1.00 Cr
Paid-up capital: Rs 1.00 Cr
CIN: U74999MH2018FTC313820
Registered office: Level 1, First International Financial Center, Plot Nos.C-54 and C-55, G Block, Bandra,Kurla Comp,Mumbai,Mumbai City,Maharashtra,400051-India

Directors named in the order

Amit Prakash Nerurkar · Shubham Gupta

Shareholding as the order states it

Member	Shares	%
Finaxar Holdings Pte. Ltd.		100

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

the company does not have any liabilities and Creditors nor there are any realizable assets now

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.

Creditors and claims

As the order records them

No claims received as there were no creditors.

Creditor approval

The Corporate Debtor has no creditors as on the date of commencement of voluntary Liquidation. Hence, the Corporate Person received no claim from the Creditors.