Suguna Fincorp 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
Reported amountsAmount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 3.00 Cr |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| Liquidation expenses | Rs 3.00 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 registerthe 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.
The NCLT order
Read from the document itself
- Bench
- Chennai Division Bench (Court– I)
- Case number
- CP(IB)/223(CHE)/2024
- Order date
- 8 Nov 2024
Dissolved
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
voluntarily winding up the operations of the company and distributing the assets
- What it was set up to do
- to carry on and undertake the business of finance, investment, loan and to invest in acquire, subscribe, purchase, hold, sell, divest or otherwise deal in securities
- What it was doing by the end
- engaged in the business of making investment and registered as a Non-Banking Finance Company
The wind-down, stage by stage
6 dated stages
- 28 Mar 2024 Board resolution to wind up
- 16 Apr 2024 Public announcement
- 29 May 2024 Preliminary report
- 31 Aug 2024 Final report
- 8 Nov 2024 NCLT order
- 8 Nov 2024 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 Coimbatore
- Industry
- Finance
- PIN
- 641018
- Incorporated
- 3 Jul 2013
- Authorised capital
- Rs 2.00 Cr
- Paid-up capital
- Rs 2.00 Cr
- CIN
- U65921TZ2013PTC019647
- Registered office
- 6th Floor, Jaya Enclave, 1057, Avinashi Road,,Coimbatore,Coimbatore,Tamil Nadu,641018-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 3.00 Cr
- Total payments
- Rs 3.00 Cr
- Liquidation cost
- Rs 3.25 L
Receipts
| Cash / Bank balance | Rs 3.00 Cr |
|---|
Payments
| Liquidation Cost | Rs 3.25 L |
|---|---|
| Equity Shareholders | Rs 2.96 Cr |
What the company held
The only asset of the company on the liquidation commencement date was the bank balance.
Creditors and claims
As the order records them
not received any claims during the process of liquidation
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.