Gammanet Solutions 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 11.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 4.00 L |
| Surplus to members | Rs 7.00 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 register186 days slower 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 7.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- NEW DELHI, COURT-III
- Case number
- (IB) -354(ND)/2024
- Order date
- 13 Feb 2025
Dissolved effective order date
What the bench said
The Liquidator has duly performed his duties and completed necessary formalities to complete the Voluntary Liquidation process. No adverse comments have been received from any statutory authority or from public at large. The affairs of the Applicant Company have been completely wound up and its assets have been completely liquidated. No liabilities have been left unsatisfied. The Voluntary Liquidation is not with the intent to defraud any person.
Statutory observations
The report by Registrar of Companies, NCT of Delhi & Haryana is on record whereby it was stated that as per their records, no inquiry /inspection /complaint/ legal action has been proceeded / pending against the Applicant Company.
Why the company wound up
In the order's own words
- What it was set up to do
- To carry on the business of software designing, development, customization, implementation, maintenance, testing and benchmarking, designing, developing and dealing in computer software and solutions and database management and to import, export, sell, purchase, distribute, host or otherwise deal in own and third party computer software packages, programs and solutions, computer hardware and IT equipments and to provide internet and web based applications, services and solutions, provide or take up information technology related assignments on sub-contracting basis, offering services on-site or offsite through development centers using owned or hired or third party infrastructure and equipment. To undertake IT enabled services like call centre management, medical and legal transcription, data processing and Back Office processing.
The wind-down, stage by stage
11 dated stages
- 30 Nov 2022 Board resolution to wind up
- 2 Dec 2022 Declaration of solvency
- 2 Dec 2022 Liquidation commenced
- 7 Dec 2022 Public announcement
- 1 Jan 2023 Last date for creditors to claim
- 16 Jan 2023 Preliminary report
- 20 Apr 2024 Final report
- 20 Apr 2024 Final report filed with the ROC
- 20 Apr 2024 Final report filed with IBBI
- 13 Feb 2025 NCLT order
- 13 Feb 2025 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
- Delhi
- ROC
- ROC Delhi
- Industry
- Business Services
- PIN
- 110092
- Incorporated
- 9 Jan 2019
- Authorised capital
- Rs 10.00 Lorder says Rs 10.66 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72900DL2019FTC344107
- Registered office
- P No-19 B, S/F, Pvt No. 207 Veer Savarkar Block, Shakarpur,,Delhi,East Delhi,Delhi,110092-India
Directors named in the order
Rajashree Apte · Arindam Roy Chowdhury · Peeyush Kumar Ramuka
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members
| Vishnu Daya & Co LLP | Rs 1.08 L |
|---|---|
| Gamma Networks Inc. | Rs 5.48 L |
Section 53 of the Code
What the company held
All the assets of the company were realized as estimated and that a detailed Assets Sold/Realized Report is the part of Final Report.
Creditors and claims
As the order records them
The claim was received from the shareholders and the list of stakeholders in compliance with Regulation 30 was prepared.
Creditor approval
Vishnu Daya & Co LLP gave no objection with respect to commencement of liquidation of the Company/Corporate Applicant vide No-Objection Certificate dated 02.12.2022.
Litigation and delays
The frictions the order records
Litigation
No inquiry /inspection /complaint/ legal action has been proceeded / pending against the Applicant Company.
Why it took as long as it did
a) Delays in opening the Liquidation bank account with JP Morgan Bank. b) Delay in closure of erstwhile bank account of the Company maintained with HDFC Bank. c) Delay in verification of documents and Certain technical & other delays in remittance of funds by the AD bank.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.