Indflux7 Technology Consulting 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 4.03 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 4.01 Cr |
"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 register337 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
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 4.01 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- SPECIAL BENCH, BENGALURU
- Case number
- C.P.(IB)No.36/BB/2023
- Order date
- 8 Aug 2023
Dissolved with effect from the date of the present order.
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
voluntary liquidation of corporate person
- What it was set up to do
- engaged in the business to provide consulting services and solutions in Cloud technology, with a view to enable IT modernisation cloud implementation migration projects and DevOps initiatives etc.
The wind-down, stage by stage
12 dated stages
- 12 Oct 2022 Board resolution to wind up
- 27 Oct 2022 Declaration of solvency
- 31 Oct 2022 Liquidation commenced
- 3 Nov 2022 Public announcement
- 30 Nov 2022 Last date for creditors to claim
- 3 Dec 2022 Preliminary report
- 18 Jan 2023 Final report
- 25 Jan 2023 Dissolution application filed
- 20 Mar 2023 Final report filed with IBBI
- 24 Mar 2023 Final report filed with the ROC
- 8 Aug 2023 NCLT order
- 8 Aug 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
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560066
- Incorporated
- 15 May 2017
- Authorised capital
- Rs 1.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72900KA2017PTC140952
- Registered office
- PLOT NO. 178, EPIP PHASE- II WHITEFIELD INDUSTRIAL AREA,BANGALORE,Bangalore,Karnataka,560066-India
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| NTT Data Americas Inc. | ||
| NTT Data Information Processing Services Private Limited |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 4.03 Cr
- Total payments
- Rs 4.03 Cr
Receipts
| Bank balance realized 24 Nov 2022 | Rs 4.03 Cr |
|---|
Payments
| TDS deducted and paid on Liquidator fee | Rs 11,000 |
|---|---|
| Liquidator fee paid (after deducting TDS) | Rs 1.18 L |
| Fee towards Liquidation accounts audit certification | Rs 20,000 |
| Payment towards liquidation public announcement expenses | Rs 20,475 |
| HSBC Bank Charges | Rs 14,351 |
| Payment towards claim from EPFO Regional office, Puducherry | Rs 2,857 |
| TDS deducted and paid to Equity Shareholders | Rs 59.98 L |
| Payment to NTT Data Information Processing Services Pvt. Ltd. | Rs 4,009 |
| Payment to NTT Data Americas Inc. USA | Rs 3.41 Cr |
Distributed to members
| NTT Data Information Processing Services Pvt. Ltd. | Rs 4,009 |
|---|---|
| NTT Data Americas Inc. USA | Rs 3.41 Cr |
Section 53 of the IBC, 2016
Unclaimed proceeds
there were no unclaimed dividends and undistributed proceeds in the liquidation process
Creditors and claims
As the order records them
Claim received from the Employees Provident Fund Organization, Regional Office, Puducherry claiming for an amount of Rs.2857/- due towards Penal damages u/s.14B and Interest u/s.7Q of EPF & MP Act 1952, which was settled during the distribution process.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.