Voluntary liquidation · IBC s.59

Lumina Networks India Private Limited

CIN · U72900PN2019FTC181352 Company Maharashtra 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

16 May 2023

View process timeline

What did the wind-down return?

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

Assets realised

Rs 14.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 13.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 7.1%Rs 1.00 L

Members · 92.9%Rs 13.00 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 14.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 1.00 L
Surplus to members	Rs 13.00 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 dissolve365 days

253 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down7.1% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 14.00 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 13.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: MUMBAI BENCH : C-IV
Case number: CP(IB)-249/MB/2023
Order date: 16 May 2023

Company viz. Lumina Networks India Private Limited is hereby dissolved. CP(IB)-249/MB/2023 is allowed and disposed of.

What the bench said

On examining the submissions made by the Liquidator and the documents annexed to the petition, it appears that the affairs of the company have been completely wound up, and its assets have been completely liquidated.

16 May 2023 · CP(IB)-249/MB/2023 · 6 pages Read the order

Why the company wound up

In the order's own words

parent company viz. Lumina Networks, Inc. ceased its business on 15.08.2020, which affected the business of the company and operations discontinued w.e.f. 15.08.2020. As the management of the Company is not having any plan to revive its business operations, it is proposed to wind-up the company under the provisions of Voluntary Liquidation.

What it was doing by the end: parent company viz. Lumina Networks, Inc. ceased its business on 15.08.2020, which affected the business of the company and operations discontinued w.e.f. 15.08.2020

The wind-down, stage by stage

10 dated stages

365 days to dissolve

10 Mar 2022 Board resolution to wind up
13 May 2022 Declaration of solvency
16 May 2022 Liquidation commenced
19 May 2022 Public announcement
15 Jun 2022 Last date for creditors to claim
5 Dec 2022 Final report filed with the ROC
5 Dec 2022 Final report filed with IBBI
16 Feb 2023 Dissolution application filed
16 May 2023 NCLT order
16 May 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: Maharashtra
ROC: ROC Pune
Industry: Business Services
PIN: 411007
Incorporated: 10 Jan 2019
Authorised capital: Rs 5.00 L
Paid-up capital: Rs 1.00 L
CIN: U72900PN2019FTC181352
Registered office: Vishwakalyan Apartments, 3rd Floor S No 149/2A PT 3, ITI Road, AUNDH S No 1,PUNE,Pune,Maharashtra,411007-India

Directors named in the order

Neelam Bhagachand Kale · Manjusha Mukund Kher

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

Creditors and claims

As the order records them

The Liquidator did not receive any claims from the operational creditors, financial creditors, workmen, employees and other stakeholders towards the advertisement published in the newspaper.

Creditor approval

as per books of accounts, the company had no debt on the commencement of voluntary liquidation, hence there was no requirement of creditors’ approval

Litigation and delays

The frictions the order records

Litigation

damages notice was received from PF authority, for which, hearing took place on 06.06.2022 and the liquidator submitted all challans towards the payment of dues. Based on the submission, the Regional PF Commissioner – II closed the matter without any liability on the company.