Voluntary liquidation · IBC s.59

Talech Software Solutions Private Limited

CIN · U72900TN2017FTC118406 Company Tamil Nadu 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

1 Mar 2024

View process timeline

What did the wind-down return?

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

Assets realised

Rs 6.00 L

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 3.00 L

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 50.0%Rs 3.00 L

Members · 50.0%Rs 3.00 L

Amount due to creditors: Rs 0. No payout percentage is calculated against zero or negative dues.

All financial figures & reading notes

Amounts as recorded for this voluntary liquidation
Realisation of assets	Rs 6.00 L
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 3.00 L
Surplus to members	Rs 3.00 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 dissolve699 days

81 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down50.0% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 6.00 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 3.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: DIVISION BENCH – I, CHENNAI
Case number: CP(IB)/69(CHE)/2023
Order date: 1 Mar 2024

Dissolved effective order date

What the bench said

The affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.

Statutory observations

Income tax authority was intimated under Section 178 of Income Tax Act 1961 on 23.04.2022 seeking No objection letter and no reply was received.

1 Mar 2024 · CP(IB)/69(CHE)/2023 · 9 pages Read the order

Why the company wound up

In the order's own words

No significant business operations, board did not visualize fresh or sustainable business, and complexities in running the intended micro finance services business

What it was doing by the end: No significant business operations since 01.04.2019

The wind-down, stage by stage

9 dated stages

699 days to dissolve

15 Mar 2022 Board resolution to wind up
15 Mar 2022 Declaration of solvency
2 Apr 2022 Liquidation commenced
2 Apr 2022 Public announcement
2 May 2022 Last date for creditors to claim
2 Aug 2022 Preliminary report
17 Jan 2023 Final report
1 Mar 2024 NCLT order
1 Mar 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: subsidiary of company incorporated outside India
Listing: Unlisted
State: Tamil Nadu
ROC: ROC Chennai
Industry: Business Services
PIN: 600100
Incorporated: 4 Sep 2017
Authorised capital: Rs 1.00 L
Paid-up capital: Rs 1.00 L
CIN: U72900TN2017FTC118406
Registered office: NO.9/611, PERUMAL NAGAR, SIVAGAMI NAGAR MEDAVAKKAM,CHENNAI,Chennai,Tamil Nadu,600100-India

Shareholding as the order states it

Member	Shares	%
Irvin Arlington	9999
Meenakshi Shri	1

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

Cash and bank balance only and no other assets

Unclaimed proceeds

Rs. 2,85,000 transferred to Corporate Voluntary Liquidation Account as per Regulation 39

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

Creditor approval

Not applicable as the company did not have any creditors

Litigation and delays

The frictions the order records

Litigation

No litigation was pending against the applicant company initially, though an IA 865/CHE/2023 was later filed by a shareholder and dismissed as withdrawn.