Voluntary liquidation · IBC s.59

Homebell Software India Private Limited

CIN · U74999DL2016PTC303941 Company Delhi MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

20 Oct 2023

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 19.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 14.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 26.3%Rs 5.00 L

Members · 73.7%Rs 14.00 L

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 19.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 5.00 L
Surplus to members	Rs 14.00 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 register

Time to dissolve1,400 days

782 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down26.3% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 19.00 L

below the median realisation of Rs 66.00 L

Reading this record

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 14.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: New Delhi Bench Court - IV
Case number: C.P.(IB)/571/ND/2022
Order date: 20 Oct 2023

Dissolved effective from the date of pronouncement of this order.

What the bench said

The Liquidator is found to have complied with the statutory provisions to complete the liquidation process. The affairs of the Applicant Company have been completely wound up and its assets have been completely liquidated and no liabilities have been left unsatisfied.

Statutory observations

ROC observed: (a) failure to submit final report in Form GNL-2 before MCA21 portal in time (submitted later on 29.12.2022), and (b) liquidation process not completed within one year.

20 Oct 2023 · C.P.(IB)/571/ND/2022 · 14 pages Read the order

Why the company wound up

In the order's own words

What it was set up to do: engaged primarily in the business of software designing, development, customization, implementation, maintenance, testing and benchmarking, designing, developing computer software and solutions.

The wind-down, stage by stage

10 dated stages

1,400 days to dissolve

27 Nov 2019 Board resolution to wind up
20 Dec 2019 Liquidation commenced
23 Dec 2019 Public announcement
4 Feb 2020 Preliminary report
11 Jun 2022 Final report
11 Jun 2022 Final report filed with the ROC
11 Jun 2022 Final report filed with IBBI
25 May 2023 Last hearing
20 Oct 2023 NCLT order
20 Oct 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: Non-government company
Listing: Unlisted
State: Delhi
ROC: ROC Delhi
Industry: Business Services
PIN: 110091
Incorporated: 3 Aug 2016
Authorised capital: Rs 5.00 L
Paid-up capital: Rs 1.00 L
CIN: U74999DL2016PTC303941
Registered office: H No-15 4th /F Pratap Nagar Mayur Vihar Phase-1 Delhi,New Delhi,New Delhi,Delhi,110091-India

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

What the company held

The primary asset (receivables) was in the form of refund from the Income Tax Department.

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.

Creditors and claims

As the order records them

till date no person including government authorities has submitted any claim in response to the public notice.

Litigation and delays

The frictions the order records

Why it took as long as it did

Refund from Income Tax Department received only on 31.03.2021; Covid-19 pandemic; delay on account of multiple rounds of communication with the bank for remittance to the offshore stakeholder.