SAMC Trustee 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 5.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 4.32 Cr |
|---|---|
| Amount due to creditors | Rs 5.00 L |
| Amount paid to creditors | Rs 5.00 L |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 4.25 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 register320 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 4.25 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH : C-IV
- Case number
- CP(IB)-315/MB/2023
- Order date
- 16 May 2023
Company dissolved
What the bench said
The affairs of the company have been completely wound up, and its assets have been completely liquidated.
Why the company wound up
In the order's own words
transfer of asset management business and cancellation of trusteeship contract
- What it was doing by the end
- asset management business including all licenses and asset management rights of mutual fund schemes managed by Principal Asset Management Private Limited
The wind-down, stage by stage
10 dated stages
- 15 Jul 2022 Board resolution to wind up
- 21 Jul 2022 Declaration of solvency
- 22 Jul 2022 Liquidation commenced
- 23 Jul 2022 Public announcement
- 7 Mar 2023 Final report
- 7 Mar 2023 Final report filed with IBBI
- 21 Mar 2023 Final report filed with the ROC
- 7 Apr 2023 Dissolution application filed
- 16 May 2023 NCLT order
- 16 May 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
- Finance
- PIN
- 400093
- Incorporated
- 6 Nov 2000
- Authorised capital
- Rs 1.00 Cr
- Paid-up capital
- Rs 10.00 L
- CIN
- U67110MH2000PTC129483
- Registered office
- Unit 002,GF,B (West) Wing,Satellite Gazebo Andheri Ghatkopar Link Rd, Chakala, Andh,eri (East),Mumbai City,Mumbai City,Maharashtra,400093-India
Directors named in the order
Ajith Kumar Rajan · Ramabadran Srinivasaraghavan Ranghunathan · Sritharan Srinivasan Thiruvadi
Creditors and claims
As the order records them
No claims received from operational creditors, financial creditors, workmen, employees and other stakeholders except the shareholder Sundaram Asset Management Company Ltd. towards advertisement published
Litigation and delays
The frictions the order records
Litigation
No litigation pending against the corporate person
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.