Sevenstrata IT 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 2.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 4.00 L |
|---|---|
| Amount due to creditors | Rs 2.00 L |
| Amount paid to creditors | Rs 2.00 L |
| Liquidation expenses | Rs 2.00 L |
| Surplus to members | Rs 0 |
"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 register464 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
below 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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - I, CHENNAI
- Case number
- CP(IB)/19(CHE)/2022
- Order date
- 17 Nov 2023
Dissolved effective order date
What the bench said
affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated
Why the company wound up
In the order's own words
on account of closure of business
- What it was set up to do
- carrying business of providing Information Technology Infrastructure Management Services to its customers in India and abroad using own developed and maintained software, etc.
- What it was doing by the end
- non-operational for nearly a decade after selling software, fixed assets and business to Mind Tree Limited in 2010
The wind-down, stage by stage
9 dated stages
- 25 Nov 2020 Board resolution to wind up
- 30 Nov 2020 Liquidation commenced
- 3 Dec 2020 Public announcement
- 30 Dec 2020 Last date for creditors to claim
- 14 Jan 2021 Preliminary report
- 5 Jan 2022 Final report
- 5 Jan 2022 Final report filed with IBBI
- 17 Nov 2023 NCLT order
- 17 Nov 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
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Business Services
- PIN
- 600018
- Incorporated
- 30 Aug 2007
- Authorised capital
- Rs 5.00 Cr
- Paid-up capital
- Rs 9.80 L
- CIN
- U72300TN2007PTC064574
- Registered office
- ANUGRAHA,NEWNO.28,GROUNDFLOORMURRAY'SGATEROAD,ALWARPET,CHENNAI,Tamil Nadu,600018-India
Creditors and claims
As the order records them
Employees Provident Fund submitted its claim for Rs.1,64,582/-
Creditor approval
Company has paid the dues of the creditors by 24.11.2020. Hence consent from creditors was not required.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.