Talent2 India HR 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 0. No payout percentage is calculated against zero or negative dues.
All financial figures & reading notes
| Realisation of assets | Rs 2.00 L |
|---|---|
| Amount due to creditors | Rs 0 |
| Amount paid to creditors | Rs 0 |
| 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 register234 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.
The NCLT order
Read from the document itself
- Bench
- DIVISION BENCH - II, CHENNAI
- Case number
- CP(IB)/74(CHE)2023
- Order date
- 12 Jul 2023
Dissolution ordered under Section 59(8) of IBC, 2016
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 Company deserves to be dissolved.
Statutory observations
Due compliance under the regulations were made, NOC from the Income Tax Authority was taken and all the requisite reports were submitted to the authorities.
Why the company wound up
In the order's own words
Owing to diminution in the Company’s operations for the last two years prior to liquidation commencement date and on having no prospect of getting new projects
- What it was set up to do
- carrying on in India and elsewhere the business of consulting, outsourcing of all aspects of human resource services including manpower planning etc.
The wind-down, stage by stage
8 dated stages
- 3 Mar 2021 Declaration of solvency
- 9 Mar 2021 Board resolution to wind up
- 12 Mar 2021 Liquidation commenced
- 16 Mar 2021 Public announcement
- 10 Apr 2021 Last date for creditors to claim
- 20 Apr 2021 Preliminary report
- 12 Jul 2023 NCLT order
- 12 Jul 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
- 600097
- Incorporated
- 4 Jul 2007
- Authorised capital
- Rs 10.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U74910TN2007PTC064170
- Registered office
- PURVA PRIMUS 5TH FLOOR, # 236, OKHIYAMPETTAI OLD, MAHABALIBURAM ROAD THORAIPAKKAM,CHENNAI,Chennai,Tamil Nadu,600097-India
Directors named in the order
Ranjith Kumar · Helen Sarah Ahlstedt
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Cash/bank balance
Creditors and claims
As the order records them
No claim was received from any of the stakeholders.
Creditor approval
There were no creditors as on the date of the declaration of solvency/passing a Special Resolution by the shareholders, so approval of the creditors was not obtained.
Litigation and delays
The frictions the order records
Litigation
No litigation is pending against the corporate person.
Why it took as long as it did
Pendency of refund of income tax and NOC from Income Tax Authority was awaited.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.