Nine Nines Lifestyle 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 4.26 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 9.00 L |
| Surplus to members | Rs 4.17 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 register83 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 4.17 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- HYDERABAD BENCH – 1
- Case number
- CP (IB) No. 119/59/HDB/2024
- Order date
- 3 Sep 2024
The company petition is allowed and the company is dissolved
What the bench said
The Liquidator has complied with all the conditions and procedural requirements as specified under Section 59 of IBC and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 before initiating voluntary liquidation process of the Corporate Person and we find that the affairs of the Corporate Person have been completely wound up as there is no assets in the Company and as such had voluntarily liquidated itself so as to get dissolved.
Statutory observations
The Registrar of Companies filed his report dated 27.08.2024 and stated that this Tribunal can pass appropriate orders based on the final report submitted by the Liquidator and on merits.
Why the company wound up
In the order's own words
The company has fulfilled its business objective and unwilling to pursue any other business
- What it was set up to do
- builders, property developers, civil, mechanical civil, mechanical, electrical and labour contractors, building and erections engineers, dealers in, importers, exports and manufacturers of prefabricated and precises houses, materials, tools etc.
- What it was doing by the end
- The company has fulfilled its business objective and unwilling to pursue any other business
The wind-down, stage by stage
8 dated stages
- 18 Feb 2023 Board resolution to wind up
- 18 Feb 2023 Declaration of solvency
- 18 Mar 2023 Liquidation commenced
- 21 Mar 2023 Public announcement
- 20 Apr 2023 Last date for creditors to claim
- 29 Apr 2023 Preliminary report
- 3 Sep 2024 NCLT order
- 3 Sep 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
- Telangana
- ROC
- ROC Hyderabad
- Industry
- Construction
- PIN
- 500084
- Incorporated
- 31 May 2013
- Authorised capital
- Rs 5.00 Cr
- Paid-up capital
- Rs 3.33 Cr
- CIN
- U45209TG2013PTC088072
- Registered office
- PLOT.NO-7 & 7A, SURVEY.NO-184, KONDAPUR VILLAGE, SERILINGAMPALLY MANDAL,,,Hyderabad,Rangareddi,Telangana,500084-India
Directors named in the order
Jaydev Galla · Suryanarayana Raju Nandyala
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Jayadev Galla | 1005000 | |
| Sakunthala Devi | 1254800 | |
| Ninestar Enterprises(P) Ltd | 1000100 | |
| Nandyala Suryanrayana Raju | 70100 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Cash and Cash Equivalents, Fixed Deposits along with accrued interest, Loans and Advances and TDS on Interest
Creditors and claims
As the order records them
The Liquidator had not received any claims from Financial Creditors, Operational Creditors, workmen dues and Government dues.
Creditor approval
The company has no creditor hence no approval is required from the creditors
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.