Fishtail Design Automation (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 8.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 38.00 L |
|---|---|
| Amount due to creditors | Rs 8.00 L |
| Amount paid to creditors | Rs 8.00 L |
| Liquidation expenses | Rs 6.00 L |
| Surplus to members | Rs 24.00 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 register283 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 24.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chennai Bench – I
- Case number
- CP(IB)/137(CHE)2024
- Order date
- 30 Aug 2024
Dissolved
What the bench said
we find that the affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated. As such the Applicant Company deserves to be dissolved.
Why the company wound up
In the order's own words
No viable business opportunities and no future business prospects
- What it was set up to do
- To undertake to execute Software Development for clients in India and or abroad, for their Product Design & Development, Computer aided services, Engineering -centric Information Technology services, Embedded applications, Infrastructure, Prototype, testing services, Research & Development services, Engineering Services Outsourcing (ESO), related engineering software, design and development activities.
- What it was doing by the end
- Stopped its operations as there was no viable business opportunities
The wind-down, stage by stage
6 dated stages
- 25 Sep 2023 Board resolution to wind up
- 27 Sep 2023 Declaration of solvency
- 30 Sep 2023 Liquidation commenced
- 4 Oct 2023 Public announcement
- 30 Aug 2024 NCLT order
- 30 Aug 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
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Business Services
- PIN
- 600004
- Incorporated
- 18 Sep 2007
- Authorised capital
- Rs 5.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72200TN2007PTC064798
- Registered office
- NO.18/36, II FLOOR, KARPAGAMBAL NAGAR 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 38.17 L
- Total payments
- Rs 38.17 L
- Liquidator fee
- Rs 5.71 L
Receipts
| Cash/ Bank balance | Rs 38.17 L |
|---|
What the company held
Cash/ Bank balance
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.