Procureli 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 2.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 2.00 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 register145 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
- BENGALURU BENCH, BENGALURU
- Case number
- C.P. (IB) No. 182/BB/2023
- Order date
- 4 Mar 2025
Dissolved effective order date
What the bench said
On examining the submissions made by the Ld. Counsel for the Applicant and after perusing the documents annexed to the Application, it appears that the affairs of the Corporate Person have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.
Statutory observations
The ROC, Karnataka has filed its Status Report stating no enquiry/inspection/complaint/legal action is pending against the Applicant Company.
Why the company wound up
In the order's own words
The promoters of the Company were unable to get projects for the Company. Not being able to generate revenue in the company, the promoters have joined other companies for employment.
- What it was set up to do
- carry on the business of designing, developing, importing and selling IT products, software and cloud-based applications, providing consultancy for software development, e-commerce solutions, and business transformations, offering IT project consultancy, market research, feasibility studies, and export promotion.
- What it was doing by the end
- The promoters of the Company were unable to get projects for the Company. Not being able to generate revenue in the company, the promoters have joined other companies for employment.
The wind-down, stage by stage
11 dated stages
- 21 Jan 2023 Board resolution to wind up
- 31 Jan 2023 Liquidation commenced
- 2 Feb 2023 Public announcement
- 2 Mar 2023 Last date for creditors to claim
- 7 Mar 2023 Preliminary report
- 29 Apr 2023 Final report
- 1 May 2023 Final report filed with IBBI
- 19 Jun 2023 Final report filed with the ROC
- 18 Aug 2023 Dissolution application filed
- 4 Mar 2025 NCLT order
- 4 Mar 2025 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
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560035
- Incorporated
- 26 Dec 2019
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U74999KA2019FTC131059
- Registered office
- HD203,PURVA WHITEHALL,SARJAPUR MAIN ROAD OPPOSITE MOTHERHOOD HOSPITAL,BANGALORE,Bangalore,Karnataka,560035-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.50 L
- Total payments
- Rs 1.50 L
- Liquidator fee
- Rs 1.18 L
Receipts
| Net Realization (transfer from existing current account to Liquidation Acccount) | Rs 1.50 L |
|---|
Payments
| Liquidator Fee | Rs 1.18 L |
|---|---|
| Newspaper Advertisement | Rs 11,340 |
| ROC Filing Fee and NCLT Fee and Reimbursements | Rs 11,111 |
| Auditor Fees | Rs 10,000 |
| Payment to Creditors | Rs 0 |
| Payment to Members | Rs 0 |
Creditors and claims
As the order records them
Applicant did not receive any claims during the liquidation period.
Litigation and delays
The frictions the order records
Litigation
No enquiry/inspection/complaint/legal action is pending against the Applicant Company.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.