SAMC Support Services 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 82.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 47.44 Cr |
|---|---|
| Amount due to creditors | Rs 82.00 L |
| Amount paid to creditors | Rs 82.00 L |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 46.60 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 register156 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 46.60 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Mumbai Bench, Court - II
- Case number
- C.P.(IB)577/2023
- Order date
- 25 Aug 2023
Company Petition 577 of 2023 is allowed and disposed of; Corporate Person dissolved under section 59(7) of the Code.
What the bench said
Necessary compliances as per provisions of the Code have been made by the Corporate Person and the Liquidator, and affairs of the Corporate Person have been completely wound up.
Why the company wound up
In the order's own words
In order to remain in harmony with the provisions of SEBI Regulations and Companies Act, 2013, consequent to a Share Purchase Agreement with Sundaram Asset Management Company Limited.
- What it was set up to do
- To manage investments and other property, advise in relation on behalf of individuals, trusts, pension funds, charities, associations, registered societies, Unit Trusts, Mutual funds and other persons or bodies of persons etc.
The wind-down, stage by stage
10 dated stages
- 31 Mar 2022 Board resolution to wind up
- 19 May 2022 Declaration of solvency
- 20 May 2022 Liquidation commenced
- 23 May 2022 Public announcement
- 4 Jul 2022 Preliminary report
- 16 Mar 2023 Final report
- 16 Mar 2023 Final report filed with the ROC
- 16 Mar 2023 Final report filed with IBBI
- 25 Aug 2023 NCLT order
- 25 Aug 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
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Manufacturing (Metals and Chemicals, and products thereof)
- PIN
- 400093
- Incorporated
- 20 Nov 1991
- Authorised capital
- Rs 40.00 Cr
- Paid-up capital
- Rs 29.93 Cr
- CIN
- U25000MH1991PTC064092
- Registered office
- Unit 002, GF, B(West)Wing, Satellite Gazebo Andheri-Ghatkopar Link Road,Chakala,Andh,eri (East),Mumbai City,Mumbai City,Maharashtra,400093-India
Directors named in the order
Harsha Viji · Sunil Subramaniam · Thiruvadi Srinivasan Sritharan
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Sundaram Asset Management Company Limited | 100 |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
Distributed to members · 31 Oct 2022
| Sundaram AMC | Rs 46.60 Cr |
|---|
Distribution of entire proceeds realized after meeting liquidation expenses to the sole stakeholder.
What the company held
Assets estimated to be of realizable value of Rs. 304 Crores approximately; none pledged.
Creditors and claims
As the order records them
Creditor approval
The company does not have any debts.
Litigation and delays
The frictions the order records
Litigation
Few GST litigations pending against the Company involving penalty of Rs.80 lakhs approximately; litigation rights and associated liability transferred to Sundaram AMC under undertaking dated 22.02.2022.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.