Voluntary liquidation · IBC s.59

Starent Networks India Sales And Services Private Limited

CIN · U51909MH2009FTC198976 Company Maharashtra MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

9 Sep 2025

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised

Rs 38.00 L

Value realised from assets

Paid to creditors

Rs 32.00 L

100.0% of reported dues

Surplus to members

Rs 4.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 84.2%Rs 32.00 L

Expenses · 5.3%Rs 2.00 L

Members · 10.5%Rs 4.00 L

Amount due to creditors: Rs 32.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 38.00 L
Amount due to creditors	Rs 32.00 L
Amount paid to creditors	Rs 32.00 L
Liquidation expenses	Rs 2.00 L
Surplus to members	Rs 4.00 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 register

Time to dissolve546 days

72 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down5.3% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 38.00 L

below the median realisation of Rs 66.00 L

Reading this record

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 4.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: MUMBAI BENCH-II
Case number: CP (IB) No.530/MB/2025
Order date: 9 Sep 2025

9 Sep 2025 · CP (IB) No.530/MB/2025 · 11 pages Read the order

Why the company wound up

In the order's own words

Subsequent to the business transfer, the Corporate Person did not have any plans to carry on its business operations in India. While it is a solvent company, it had already ceased its activities.

What it was set up to do: carrying on support services to its Holding Company Mis. Starent International LLC. The business activities of the Corporate Person consisted of carrying out in India or abroad, sales and service activities for network management systems to inter-connect internet, intra-net, LAN, WAN by using twisted pair, fiber optic or coaxial cables.
What it was doing by the end: The Corporate Person was doing proper business activities from the date of incorporation but subsequent to the business transfer, the Corporate Person did not have any plans to carry on its business operations in India.

The wind-down, stage by stage

12 dated stages

546 days to dissolve

8 Mar 2024 Board resolution to wind up
8 Mar 2024 Declaration of solvency
12 Mar 2024 Liquidation commenced
16 Mar 2024 Public announcement
11 Apr 2024 Last date for creditors to claim
16 Apr 2024 Preliminary report
21 Feb 2025 Final report
28 Feb 2025 Final report filed with the ROC
28 Feb 2025 Final report filed with IBBI
7 Apr 2025 Dissolution application filed
9 Sep 2025 NCLT order
9 Sep 2025 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: subsidiary of company incorporated outside India
Listing: Unlisted
State: Maharashtra
ROC: ROC Mumbai
Industry: Trading
PIN: 400051
Incorporated: 24 Feb 2009
Authorised capital: Rs 5.00 L
Paid-up capital: Rs 1.00 L
CIN: U51909MH2009FTC198976
Registered office: Unit A 602, 6th Floor, One BKC, C-66, G Block, Bandra Kurla Complex, Bandra East,,Mumbai,Mumbai City,Maharashtra,400051-India

Directors named in the order

Joginder Yadav · Srihari Varanasi

Shareholding as the order states it

Member	Shares	%
Starent Internanational LLC		100

Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

The money, as the order printed it

Rs as stated in the document — not the crore figures above

What the company held

The Corporate Person did not possess any fixed assets and the only asset available with the Corporate Person was the bank balance available with the J P Morgan Chase Bank.

Unclaimed proceeds

There are no unclaimed dividends and/or undistributed proceeds of liquidation process.

These are the figures the NCLT order prints, in rupees. The crore figures higher up the page come from IBBI's outcome file. They are different measurements from different sources and are shown separately on purpose — the Cr/Lakh switch does not touch them.

Creditors and claims

As the order records them

No claims were received from public/government authorities. Liquidator suo moto admitted the claim of the sole creditor Cisco Systems (India) Pvt. Limited to the extent of Rs.32,35,022/-.

Litigation and delays

The frictions the order records

Litigation

There are no disputes or litigations pending as on date of filing of this Petition.

Why it took as long as it did

Pending payments to professionals, re-filing of Form MGT-14 for technical reasons, other unavoidable circumstances and delay in obtaining NOC from the Income-tax Department.