Mesh7 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
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 99.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 21.00 L |
| Surplus to members | Rs 78.00 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 register326 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 78.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - I, CHENNAI
- Case number
- CP(IB)/147/CHE/2022
- Order date
- 18 Jul 2022
Dissolved effective order date
What the bench said
the affairs of the Company have been completely wound up and the assets of the Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.
Statutory observations
A perusal of Form-H reveals that the Liquidator did not find any preferential, undervalue, extortionate or fraudulent transactions.
Why the company wound up
In the order's own words
The MESH7 group of companies was globally acquired by VMWare Alpha LLC and the Management of the Company does not have any plan to revive the business operations.
- What it was set up to do
- information technology and computer related business
- What it was doing by the end
- After the acquisition, the Company did not carry on any business activities and the employees of the Company have also moved to VMWare.
The wind-down, stage by stage
8 dated stages
- 3 Sep 2021 Board resolution to wind up
- 14 Sep 2021 Declaration of solvency
- 29 Sep 2021 Liquidation commenced
- 1 Oct 2021 Public announcement
- 28 Oct 2021 Last date for creditors to claim
- 31 May 2022 Final report
- 18 Jul 2022 NCLT order
- 18 Jul 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
- Dissolved (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- subsidiary of company incorporated outside India
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Business Services
- PIN
- 600032
- Incorporated
- 10 Jun 2019
- Authorised capital
- Rs 1.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72900TN2019FTC129786
- Registered office
- 1st floor, SKCL Central Square II, B- l9 (Part) B 20 & B 21,Thiru-Vi-Ka industrial Estat,e, Guindy,Chennai,Chennai,Tamil Nadu,600032-India
Directors named in the order
Mr. Devakumar Ramamoorthy · Mr. James Andrew Munk · Mr. Craig Douglas Norris
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| VMware Alpha LLC | 9,990 | 99.90 |
| Mr. Devakumar Ramamoorthy | 10 | 0.10 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 98.90 L
Receipts
| Cash & bank balance | Rs 98.90 L |
|---|
What the company held
Cash & bank balance
Creditors and claims
As the order records them
1 (One) Claim from stakeholder namely- JPR & Associates, Chartered Accountants an Operational Unsecured Creditor, for an aggregate amount of INR 11,800 which was cleared.
Creditor approval
The creditor had approved the resolution passed by the members of the Company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.