Pari Networks (India) 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 1.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 1.00 L |
| Surplus to members | Rs 0 |
"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 register254 days slower 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.
The NCLT order
Read from the document itself
- Bench
- HYDERABAD BENCH – 1
- Case number
- CP(IB) No. 71/59/HDB/2023
- Order date
- 7 Jul 2023
The Corporate Person, PARI NETWORKS (INDIA) PRIVATE LIMITED is hereby dissolved, with immediate effect.
What the bench said
Corporate Person have been completely wound up and its assets are completely liquidated
Why the company wound up
In the order's own words
due to non-availability of business prospects and long term financial resources it was not financially viable to carry on the business activities of the Company
- What it was set up to do
- carrying on the business of networking by developing and offering premier line of diverse, innovative and market-leading networking, security products and services to mitigate the risks associated with the same and such other activities pertaining to software development and IT consultancy services
- What it was doing by the end
- not carrying out any business for a considerable amount of time
The wind-down, stage by stage
10 dated stages
- 29 Jan 2021 Board resolution to wind up
- 29 Jan 2021 Declaration of solvency
- 15 Feb 2021 Liquidation commenced
- 17 Feb 2021 Public announcement
- 17 Mar 2021 Last date for creditors to claim
- 19 Dec 2022 Final report
- 21 Dec 2022 Final report filed with the ROC
- 21 Dec 2022 Final report filed with IBBI
- 7 Jul 2023 NCLT order
- 7 Jul 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
- Non-government company
- Listing
- Unlisted
- State
- Telangana
- ROC
- ROC Hyderabad
- Industry
- Business Services
- PIN
- 500033
- Incorporated
- 3 Mar 2006
- Authorised capital
- Rs 16.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72200TG2006PTC049398
- Registered office
- H No 8-2-618/2, 3rd Level, Road No. 11, Banjara Hills,,Hyderabad,Hyderabad,Telangana,500033-India
Creditors and claims
As the order records them
no claims received
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.