Voluntary liquidation · IBC s.59

Maharishi Gramin Micro Finance Private Limited

CIN · U65999TZ2017PTC028961 Company Tamil Nadu MCA · Active

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

Process record Dissolution recorded

29 Mar 2022

View process timeline

What did the wind-down return?

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

Assets realised

Rs 2.00 L

Value realised from assets

Paid to creditors

Not reported

Creditor payout recorded

Surplus to members

Rs 1.00 L

Reported surplus amount

Where the money went

Reported amounts

Some financial figures are missing. A complete proceeds split is not available.

CreditorsNot reported

ExpensesRs 1.00 L

MembersRs 1.00 L

Creditor dues are not reported, so the payout cannot be assessed against them.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 2.00 L
Amount due to creditors	Not reported
Amount paid to creditors	Not reported
Liquidation expenses	Rs 1.00 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 register

Time to dissolve1,098 days

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

Cost of the wind-down50.0% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 2.00 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 1.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: DIVISION BENCH - II, CHENNAI
Case number: CP/727(CHE)/2020

Dissolved effective order date

What the bench said

It appears that the affairs of the Company have been completely wound up and the assets of the Company have been completely liquidated and as such the Company deserves to be dissolved.

date not legible · CP/727(CHE)/2020 · 6 pages Read the order

Why the company wound up

In the order's own words

Not carrying on any business and not earning any profits for the preceding two years

What it was doing by the end: The Company has not been carrying on any business and not earning any profits for the preceding two years

The wind-down, stage by stage

5 dated stages

1,098 days to dissolve

27 Mar 2019 Liquidation commenced
6 May 2019 Preliminary report
31 Oct 2020 Final report filed with the ROC
31 Oct 2020 Final report filed with IBBI
29 Mar 2022 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: Active
Company class: Private
Category: Company limited by shares
Sub-category: Non-government company
Listing: Unlisted
State: Tamil Nadu
ROC: ROC Coimbatore
Industry: Finance
PIN: 637001
Incorporated: 22 May 2017
Authorised capital: Rs 6.00 Cr
Paid-up capital: Rs 5.70 Cr
CIN: U65999TZ2017PTC028961
Registered office: ESHA APARTMENTS, NO. 20/2, IIND FLOOR, PVR STREET, MOHANUR ROAD,,NAMAKKAL,Namakkal,Tamil Nadu,637001-India

Directors named in the order

Ramasamy Krishnamoorthy · Saminathan Karthikeyan · Sathyamoorthy Vadivel · Anandavadivel Sathiyamoorthy

Shareholding as the order states it

Member	Shares	%
R. Krishnamoorthi	5000000
S. Karthikeyen	5000000
E. Ashokan	5000000
S. Anandavadivel	5000000
S. Sathymoorthy	5000000
S. Aravindhan	5000000
K. Thangavel	5000000
M. Vinoth	4999860
C.G. Gobinath	5000000
M. Thillaisivakumar	1000000
A. Kalaichelvi	2000000
N. Anitha	2000000
S. Kamalaveni	5000000
S. Sujitha	1100000
Y.R. Elango	900000

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

Distributed to members

R. Krishnamoorthi	Rs 10,262
S. Karthikeyen	Rs 10,262
E. Ashokan	Rs 10,262
S. Anandavadivel	Rs 10,262
S. Sathymoorthy	Rs 10,262
S. Aravindhan	Rs 10,262
K. Thangavel	Rs 10,262
M. Vinoth	Rs 10,262
C.G. Gobinath	Rs 10,262
M. Thillaisivakumar	Rs 2,025
A. Kalaichelvi	Rs 4,105
N. Anitha	Rs 4,105
S. Kamalaveni	Rs 10,265
S. Sujitha	Rs 2,258
Y.R. Elango	Rs 1,847

In proportion to their Share Capital contribution out of the available surplus bank balance after setting off loans given to shareholders against share capital.

What the company held

Loans given to the shareholders of the sum of Rs. 5,67,20,000/- and surplus bank balance.

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

No operational or financial creditor claims; however, claims from all the equity shareholders were received.

Creditor approval

As there are no Operational Creditors or Financial Creditors, no such claims have arisen.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

See other companies in the voluntary liquidation register.

All voluntary liquidations