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Voluntary liquidation · IBC s.59

Sagacious Financial Services Private Limited

CIN · U74140MH2006PTC166292 Company Maharashtra MCA · Dissolved under section 59(8)

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

Process record Dissolution recorded

11 May 2026

View process timeline

What did the wind-down return?

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

Assets realised
Rs 2.11 Cr
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 1.99 Cr
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 5.7%Rs 12.00 L
Members · 94.3%Rs 1.99 Cr

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 2.11 Cr
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 12.00 L
Surplus to membersRs 1.99 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 register
Time to dissolve735 days

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

Cost of the wind-down5.7% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 2.11 Cr

above 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 1.99 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
Mumbai Court IV
Case number
CP (IB) No. 94/MB-IV/2025
Order date
11 May 2026

Dissolved effective order date

What the bench said

The Liquidator has complied with the requisite formalities and procedures of liquidation, in compliance with law, and has filed this Application for dissolution.

11 May 2026 · CP (IB) No. 94/MB-IV/2025 · 7 pages Read the order

The wind-down, stage by stage

11 dated stages

735 days to dissolve
  1. 22 Apr 2024 Declaration of solvency
  2. 6 May 2024 Board resolution to wind up
  3. 6 May 2024 Liquidation commenced
  4. 7 May 2024 Public announcement
  5. 4 Jun 2024 Last date for creditors to claim
  6. 20 Jun 2024 Preliminary report
  7. 12 Sep 2024 Final report
  8. 18 Sep 2024 Final report filed with the ROC
  9. 18 Sep 2024 Final report filed with IBBI
  10. 11 May 2026 NCLT order
  11. 11 May 2026 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
Maharashtra
ROC
ROC Mumbai
Industry
Business Services
PIN
400015
Incorporated
18 Dec 2006order says 18 Dec 2016
Authorised capital
Rs 2.00 Cr
Paid-up capital
Rs 1.43 Cr
CIN
U74140MH2006PTC166292
Registered office
105, 1st Ashok Garden DII Sewri Division Tokersey Jivraj Road Sewri,Mumbai,Mumbai City,Maharashtra,400015-India

Directors named in the order

Udit Mohan Khanna · Mohankumar Khanna

Shareholding as the order states it

MemberShares%
Mr. Mohan Khnnna756820.0052.84
Mrs. Meera Khanna327410.0022.86
Ms. Mudita Khanna125750.008.78
Ms. Privanka Khanna104450.007.29
Mr. Uclit Khanna117870.008.23
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 · 26 Jul 2024

Mr. Udit KhannaRs 13.20 L
Ms. Priyanka KhannaRs 11.62 L
Ms. Mudita KhannaRs 14.00 L
Ms. Meera KhannaRs 36.50 L

Proportionate shareholding

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

The Corporate Person has no secured or unsecured creditors as on date of filing of this Company Petition.

Creditor approval

There was no debt owed by the Corporate Person; hence, the approval under Section 59(3)(c) was not required.

Litigation and delays

The frictions the order records

Litigation

There are no litigations pending against the Corporate Person.

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

Keep exploring.

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