Finclude Capital 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Not reported |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Not reported |
| Surplus to members | Not reported |
"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 registeralready longer than the median completed wind-down (618 days)
the median age of the 978 wind-downs still in process is 791 days
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. This one has not finished, so the money columns are empty — an accurate picture of an unfinished process, not a gap in the record.
The NCLT order
Read from the document itself
- Bench
- MUMBAI – BENCH II
- Case number
- CP (IB)/184/MB/2023
- Order date
- 9 Jan 2025
Dissolved effective order date
What the bench said
The affairs of the Company have been completely wound up and distribution has been made to the shareholders and, therefore, this Application under Section 59(7) of the Code is complete and it deserves to be allowed.
Statutory observations
Income-tax department confirmed there are no pending income-tax demands of the Company.
Why the company wound up
In the order's own words
Due to Covid-19 pandemic, it could not commence its business.
- What it was set up to do
- promoting financial inclusion in rural areas by easy access to financial products in agriculture; and to carry on the business of Asset Finance Company; to undertake hire purchase; and to carry on the business as financier, concessionaries and merchants.
- What it was doing by the end
- Due to Covid-19 pandemic, it could not commence its business.
The wind-down, stage by stage
9 dated stages
- 19 Aug 2022 Board resolution to wind up
- 19 Aug 2022 Declaration of solvency
- 25 Aug 2022 Liquidation commenced
- 29 Aug 2022 Public announcement
- 24 Sep 2022 Last date for creditors to claim
- 7 Oct 2022 Preliminary report
- 15 Feb 2023 Final report filed with IBBI
- 16 Feb 2023 Final report filed with the ROC
- 9 Jan 2025 NCLT order
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
- 1 Aug 2019
- Authorised capital
- Rs 2.30 Cr
- Paid-up capital
- Rs 2.25 Cr
- CIN
- U65993MH2019PTC328770
- Registered office
- Unit No 225, Second Floor, Trade Centre, Bandra Kurla Complex, Bandra East,,Mumbai,Mumbai City,Maharashtra,400051-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Greenizon Agritech Consultancy Private Limited | 2,22,499,999 | |
| Mr. Arjun Ahluwalia, nominee of Greenizon Agritech Consultancy Private Limited | 1 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 2.27 Cr
- Total payments
- Rs 2.27 Cr
Receipts
| Kotak Mahindra Bank, Mumbai CA- 6912934914 | Rs 23.08 L |
|---|---|
| Kotak Mahindra Bank, Mumbai CA- 6913504079 | Rs 34,409 |
| Kotak Mahindra Bank FD 6947018627 | Rs 99.00 L |
| Kotak Mahindra Bank FD 6947018658 | Rs 99.00 L |
| Interest Received on Fixed Deposits | Rs 5.20 L |
Payments
| Payments to the Sole Member- Greenizon Agritech Consultancy Private Limited Interim Distribution | Rs 2.00 Cr |
|---|---|
| Final Distribution | Rs 23.57 L |
| Publication expenses | Rs 17,640 |
| Record Preservation expenses | Rs 15,930 |
| Audit fee | Rs 20,000 |
| Communication expenses | Rs 1,093 |
| Bank Charges | Rs 714 |
| RoC filing fee | Rs 600 |
| Provision for expenses and contingencies till dissolution | Rs 2.00 L |
| TDS deducted by bank on FD Interest | Rs 49,848 |
Distributed to members · 20 Dec 2022
| Greenizon Agritech Consultancy Private Limited | Rs 2.00 Cr |
|---|
Interim distribution and final distribution to sole contributory
What the company held
The only assets of the Company were amounts lying in the current accounts and term deposits with Kotak Mahindra Bank.
Creditors and claims
As the order records them
The Liquidator had not received any claims as on 24.09.2022, i.e. the last date of receipt of the claim.
Creditor approval
The Company does not have Creditors, and hence, the question of holding a meeting of the Creditors did not arise.
Litigation and delays
The frictions the order records
Why it took as long as it did
Non-availability of existing signatories and in realisation of term deposits from the Kotak Mahindra Bank.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.