Seaarland Management Services (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 11.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 15.40 Cr |
|---|---|
| Amount due to creditors | Rs 11.00 L |
| Amount paid to creditors | Rs 11.00 L |
| Liquidation expenses | Rs 1.30 Cr |
| Surplus to members | Rs 13.99 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 register1,275 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 13.99 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH-I
- Case number
- CP (IB) No.56/MB-I/2023
- Order date
- 5 Dec 2023
Dissolved effective order date
What the bench said
affairs of the company have been completely wound up, and its assets have been completely liquidated
Statutory observations
No Objection Certificate issued by Income Tax Department
Why the company wound up
In the order's own words
- What it was doing by the end
- the company is not doing any business
The wind-down, stage by stage
10 dated stages
- 28 Sep 2018 Declaration of solvency
- 29 Sep 2018 Board resolution to wind up
- 29 Sep 2018 Liquidation commenced
- 4 Oct 2018 Public announcement
- 13 Nov 2018 Preliminary report
- 29 Sep 2022 Final report
- 20 Oct 2022 Final report filed with IBBI
- 3 Nov 2022 Final report filed with the ROC
- 5 Dec 2023 NCLT order
- 5 Dec 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
- Transport, storage and Communications
- PIN
- 400053
- Incorporated
- 25 May 2001
- Authorised capital
- Rs 22.00 Crorder says Rs 220.00 Cr
- Paid-up capital
- Rs 5.90 Crorder says Rs 1.88 Cr
- CIN
- U61100MH2001PTC132125
- Registered office
- Unit No.302,Raheja Plaza Premises Co-op Society Ltd.,Off Andheri-Link Road, Andheri (W),Mumbai,Mumbai City,Maharashtra,400053-India
Directors named in the order
Antonio Zacchello · Vishal Breja
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| Seabream SPA | ||
| Bentonwood SARL | ||
| Pinar Beta SARL | ||
| Shyam Jairam |
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
does not have any realizable assets
Creditors and claims
As the order records them
Claims received and admitted from equity shareholders: Seabream SPA - 19665920, Bentonwood SARL - 19649812, Pinar Beta SARL - 19665924, Shyam Jairam - 2000
Creditor approval
The Petitioner submits that the Company doesn’t have any Creditors, hence their consent for Special Resolution is not required.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.