Shift 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 31.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 82.00 L |
|---|---|
| Amount due to creditors | Rs 31.00 L |
| Amount paid to creditors | Rs 31.00 L |
| Liquidation expenses | Rs 12.00 L |
| Surplus to members | Rs 39.00 L |
"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 register554 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 39.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH-IV
- Case number
- CP No.764/MB-IV/2021
- Order date
- 30 Sep 2022
dissolved from the date of this order
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
- What it was set up to do
- providing software-based services
- What it was doing by the end
- not carrying any business
The wind-down, stage by stage
9 dated stages
- 20 Jun 2019 Board resolution to wind up
- 20 Jun 2019 Declaration of solvency
- 16 Jul 2019 Liquidation commenced
- 20 Jul 2019 Public announcement
- 27 Aug 2019 Preliminary report
- 28 May 2021 Final report
- 8 Jun 2021 Final report filed with the ROC
- 30 Sep 2022 NCLT order
- 30 Sep 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
- Maharashtra
- ROC
- ROC Pune
- Industry
- Business Services
- PIN
- 411005
- Incorporated
- 18 Apr 2012
- Authorised capital
- Rs 5.00 L
- Paid-up capital
- Rs 5.00 L
- CIN
- U74999PN2012FTC143023
- Registered office
- 413, 4th Floor,City Square, behind the Pride Hotel Next to Zenith Hotel, Shivajinagar,Pune,Pune,Maharashtra,411005-India
Directors named in the order
Masakazu Suga · Manisha Sudhir Ohol
Creditors and claims
As the order records them
Received claims from 3 (Three) Operational Creditors, and none from Financial Creditors, Workmen and other Stakeholders
Creditor approval
Since the creditors have already been paid off, the requirement of the Special Resolution being approved by creditors having 2/3rd value of shares as required under proviso to sub-section (3) of Section 59 does not arise.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.