Gopivotal 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 9.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 97.00 L |
|---|---|
| Amount due to creditors | Rs 9.00 L |
| Amount paid to creditors | Rs 9.00 L |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 87.00 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 register25 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
above 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 87.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- SPECIAL BENCH, BENGALURU
- Case number
- C.P.(IB)No.27/BB/2023
- Order date
- 4 Jul 2023
Dissolved effective order date
What the bench said
The affairs of the Corporate Person have been completely wound up and its assets have been liquidated and nothing remains to be liquidated.
Why the company wound up
In the order's own words
- What it was set up to do
- developing, designing, licensing, testing, selling, marketing, distributing, and otherwise dealing with all kinds of information technology products including software and hardware applications and solutions etc.
The wind-down, stage by stage
12 dated stages
- 10 Mar 2021 Board resolution to wind up
- 14 Sep 2021 Declaration of solvency
- 29 Sep 2021 Liquidation commenced
- 1 Oct 2021 Public announcement
- 28 Oct 2021 Last date for creditors to claim
- 13 Nov 2021 Preliminary report
- 20 Sep 2022 Final report
- 22 Sep 2022 Final report filed with the ROC
- 22 Sep 2022 Final report filed with IBBI
- 28 Sep 2022 Dissolution application filed
- 4 Jul 2023 NCLT order
- 4 Jul 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
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560008
- Incorporated
- 1 May 2013
- Authorised capital
- Rs 1.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72200KA2013FTC068850
- Registered office
- Tower B, No.1 and 2, The Millenia, 2nd Floor Murphy Road, Philip Tower, Ulsoor,Bangalore,Karnataka,560008-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 97.27 L
- Total payments
- Rs 97.27 L
Receipts
| Bank Balance Realized 2 Apr 2022 | Rs 97.27 L |
|---|
Payments
| Liquidator fee paid (after deducting TDS) & Liquidation Expenses | Rs 93,960 |
|---|---|
| TDS deducted and paid on Liquidator fee | Rs 8,700 |
| Bank Charges Liquidation Expenses | Rs 5,310 |
| Bank Charges Liquidation Expenses | Rs 11,431 |
| Creditor – Audit fee due (net off TDS) / Distribution to other creditors | Rs 9.42 L |
| TDS deducted and paid on distribution to equity shareholder | Rs 8.92 L |
| Payment to VMware UK Ltd. Distribution to equity shareholder | Rs 689 |
| Payment to VMware International Unlimited Company, Ireland Distribution to equity shareholder | Rs 77.73 L |
Distributed to members
| VMware UK Ltd. | Rs 689 |
|---|---|
| VMware International Unlimited Company, Ireland | Rs 77.73 L |
Section 53 of the IBC, 2016
What the company held
liquid Bank balance on the commencement of Voluntary Liquidation
Unclaimed proceeds
there were no unclaimed dividends and undistributed proceeds in the liquidation process
Creditors and claims
As the order records them
One claim received from Price Waterhouse & Co Chartered Accountants LLP for Rs.10,28,960/-, out of which Rs.87,200/- was deducted as TDS and balance Rs.9,41,760/- was paid.
Creditor approval
The debt of the Corporate Person has been discharged in full to the satisfaction of the Creditors.
Litigation and delays
The frictions the order records
Litigation
no litigation is pending against the corporate person
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.