Hatfield Technologies 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 4.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Rs 1.00 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 register107 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 1.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Bengaluru Bench
- Case number
- CP No. 164/BB/2020
- Order date
- 7 Dec 2020
Dissolved with immediate effect
What the bench said
The Liquidator has complied with all the conditions and procedural requirements as specified under various provisions of Section 59 of the Insolvency and Bankruptcy Code, 2016 and of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
Statutory observations
The Registrar of Companies has filed a Report dated 04.12.2020, by inter alia affirming the material averments made in the instant Petition
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 development, IT solutions, IT and software services and information technology enabled services.
The wind-down, stage by stage
7 dated stages
- 15 Jul 2019 Board resolution to wind up
- 15 Jul 2019 Liquidation commenced
- 16 Jul 2019 Public announcement
- 26 Aug 2019 Preliminary report
- 21 Aug 2020 Final report
- 7 Dec 2020 NCLT order
- 7 Dec 2020 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 (Liquidated)
- 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
- 560068
- Incorporated
- 8 Sep 2017
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 10.00 L
- CIN
- U72900KA2017FTC106227
- Registered office
- C201, SRK Gardens, Kudlu Main Road,,Bangalore,Bangalore,Karnataka,560068-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 4.01 L
- Total payments
- Rs 4.01 L
- Liquidator fee
- Rs 3.03 L
Receipts
| Balance available on commencement of Liquidation | Rs 4.01 L |
|---|
Payments
| Advertisement Charges | Rs 22,680 |
|---|---|
| Fee to Liquidator | Rs 3.03 L |
| Audit Fee | Rs 11,800 |
| Distribution of capital to shareholders: Hatfield INC | Rs 63,112 |
| Distribution of capital to shareholders: Ravin Hariharan Somi | Rs 1 |
Distributed to members · 3 Jul 2020
| Hatfield INC | Rs 63,112 |
|---|---|
| Ravin Hariharan Somi | Rs 1 |
Distribution of capital to shareholders
What the company held
no assets on the date of commencement, except Bank balance
Creditors and claims
As the order records them
No claims were received by the Liquidator
Creditor approval
The Company has no creditors and consequently no claims were received by the Liquidator
Litigation and delays
The frictions the order records
Litigation
there are no complaints, prosecutions, inquiry and inspection pending against the company as on date
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.