SAIF Advisors 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 1.41 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 16.00 L |
| Surplus to members | Rs 1.25 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 register72 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
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 1.25 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- CHANDIGARH BENCH, CHANDIGARH
- Case number
- CP (IB) No.19/Vol./Chd/Hry/2021
- Order date
- 27 Jun 2022
Dissolved with effect from 27.06.2022
What the bench said
The Liquidator is found to have complied with the statutory provision to complete the liquidation process by taking necessary steps
Statutory observations
a demand of Rs,2,50,810/- is outstanding against the assessee for the Assessment Year 2016-17
Why the company wound up
In the order's own words
- What it was set up to do
- to render and carry on investment advisory services on investments, financial management, consultancy or any other services for fund & non-funded financial advities, to be provided to the venture capital funds, private equity funds, mutual funds, hedge funds or any other institutional investors) in India and abroad
- What it was doing by the end
- no significant business operations from last two years
The wind-down, stage by stage
8 dated stages
- 14 Jul 2020 Board resolution to wind up
- 6 Aug 2020 Liquidation commenced
- 7 Aug 2020 Public announcement
- 18 Sep 2020 Preliminary report
- 22 Dec 2020 Final report filed with the ROC
- 23 Dec 2020 Final report filed with IBBI
- 27 Jun 2022 NCLT order
- 27 Jun 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
- Haryana
- ROC
- ROC Delhi
- Industry
- Finance
- PIN
- 122016
- Incorporated
- 11 Feb 2011
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 2.00 Lorder says Rs 1.50 L
- CIN
- U67190HR2011FTC042070
- Registered office
- B-97, Ground Floor Phase-V, Udyog Vihar,Gurgaon,Gurgaon,Haryana,122016-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Bank Balance Liquid Assets only
Creditors and claims
As the order records them
applicant company has not received any claims as there was no operational and financial creditors of the company, as on the liquidation commencement date
Litigation and delays
The frictions the order records
Litigation
no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.