July New Media Solutions and Technologies 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 39.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Rs 36.00 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 register22 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 36.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- BENGALURU BENCH, BENGALURU
- Case number
- C.P.(IB).No.179/BB/2023
- Order date
- 5 Jul 2024
Dissolved effective order date
What the bench said
the affairs of the Corporate Person have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved
Why the company wound up
In the order's own words
management had no future or alternate plans for continued business
- What it was set up to do
- engage d in designing and development of telecommunication systems, application software, unified media technology, information technology related products, solution services and support systems, etc.
The wind-down, stage by stage
12 dated stages
- 14 Nov 2022 Public announcement
- 15 Nov 2022 Board resolution to wind up
- 15 Nov 2022 Declaration of solvency
- 17 Nov 2022 Liquidation commenced
- 17 Dec 2022 Last date for creditors to claim
- 31 Dec 2022 Preliminary report
- 8 Sep 2023 Final report
- 15 Sep 2023 Final report filed with the ROC
- 15 Sep 2023 Final report filed with IBBI
- 10 Nov 2023 Dissolution application filed
- 5 Jul 2024 NCLT order
- 5 Jul 2024 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
- 560001
- Incorporated
- 26 Aug 2009
- Authorised capital
- Rs 1.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72200KA2009PTC050746
- Registered office
- Prestige Solitaire, Level - II, No.6 Brunton Road,Bangalore,Bangalore,Karnataka,560001-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 39.43 L
- Total payments
- Rs 39.43 L
- Liquidator fee
- Rs 2.28 L
Receipts
| Bank Balance Realised 17 Feb 2023 | Rs 38.95 L |
|---|
Payments
| Fee towards Liquidation accounts audit certification | Rs 15,000 |
|---|---|
| Liquidator fee paid (after TDS deduction) | Rs 2.28 L |
| Public announcement expenses | Rs 9,072 |
| TDS deducted and paid on Liquidator fee | Rs 21,100 |
| TDS deducted and paid on distribution to equity shareholders | Rs 7.34 L |
| Payment to Cisco Systems India Private Ltd | Rs 362 |
| Payment to July Systems LLC A/c | Rs 28.87 L |
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.