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Voluntary liquidation · IBC s.59

Thomson Video Networks India Private Limited

CIN · U32204MH2011FTC221529 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

4 Mar 2025

View process timeline

What did the wind-down return?

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

Assets realised
Rs 1.52 Cr
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 1.34 Cr
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 11.8%Rs 18.00 L
Members · 88.2%Rs 1.34 Cr

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 assetsRs 1.52 Cr
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 18.00 L
Surplus to membersRs 1.34 Cr

"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 dissolve2,383 days

1,765 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down11.8% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 1.52 Cr

above 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 1.34 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
Mumbai Bench, Court-V
Case number
C.P. No. 956 of 2024
Order date
4 Mar 2025

Dissolved

What the bench said

the affairs of the company have been completely wound up, and its assets have been completely liquidated

4 Mar 2025 · C.P. No. 956 of 2024 · 5 pages Read the order

Why the company wound up

In the order's own words

In view of economic circumstances and developments of Indian combination the Board of Directors advised to shut down the operations

The wind-down, stage by stage

9 dated stages

2,383 days to dissolve
  1. 25 Aug 2018 Liquidation commenced
  2. 7 Aug 2023 Board resolution to wind up
  3. 7 Aug 2023 Declaration of solvency
  4. 29 Aug 2023 Public announcement
  5. 13 Aug 2024 Final report
  6. 14 Aug 2024 Final report filed with IBBI
  7. 16 Aug 2024 Final report filed with the ROC
  8. 4 Mar 2025 NCLT order
  9. 4 Mar 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
Manufacturing (Machinery and Equipments)
PIN
400093
Incorporated
5 Sep 2011
Authorised capital
Rs 1.50 Cr
Paid-up capital
Rs 1.00 Cr
CIN
U32204MH2011FTC221529
Registered office
1002, BWing, Kanakia Wall Street,Andheri- Kurla Road, Hanuman Nagar, Chakala,Andhe,ri east,Mumbai,Mumbai City,Maharashtra,400093-India

Directors named in the order

Nirav Chandravadan Desai · Navin Dogu Shetty

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

there were no fixed assets on the date of voluntary liquidation commencement

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

There were no creditors of the corporate person on the commencement date of voluntary liquidation and hence no claims were received

Creditor approval

There are NIL creditors of the corporate person and therefore there is no requirement to obtain the consent of creditors.

Litigation and delays

The frictions the order records

Litigation

no litigation is pending against the corporate person on the date of the report

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

See other companies in the voluntary liquidation register.

All voluntary liquidations