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Voluntary liquidation · IBC s.59

Toshiba Global Commerce Solutions (India) Private Limited

CIN · U74120MH2012PTC234273 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

16 May 2023

View process timeline

What did the wind-down return?

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

Assets realised
Rs 55.00 L
Value realised from assets
Paid to creditors
Rs 0
No creditor dues reported
Surplus to members
Rs 41.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 0.0%Rs 0
Expenses · 25.5%Rs 14.00 L
Members · 74.5%Rs 41.00 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 assetsRs 55.00 L
Amount due to creditorsRs 0
Amount paid to creditorsRs 0
Liquidation expensesRs 14.00 L
Surplus to membersRs 41.00 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 dissolve791 days

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

Cost of the wind-down25.5% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 55.00 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 41.00 L in surplus was returned to members.

The NCLT order

Read from the document itself

Bench
MUMBAI BENCH : C-IV
Case number
CP(IB)-309/MB/2023
Order date
16 May 2023

Dissolved

What the bench said

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

16 May 2023 · CP(IB)-309/MB/2023 · 6 pages Read the order

Why the company wound up

In the order's own words

What it was doing by the end
The Company is not carrying-out any operations since last few years.

The wind-down, stage by stage

9 dated stages

791 days to dissolve
  1. 11 Mar 2021 Board resolution to wind up
  2. 16 Mar 2021 Liquidation commenced
  3. 31 Mar 2021 Public announcement
  4. 1 Apr 2022 Final report
  5. 5 Apr 2022 Final report filed with the ROC
  6. 5 Apr 2022 Final report filed with IBBI
  7. 19 May 2022 Dissolution application filed
  8. 16 May 2023 NCLT order
  9. 16 May 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
Maharashtra
ROC
ROC Mumbai
Industry
Business Services
PIN
400013
Incorporated
8 Aug 2012
Authorised capital
Rs 13.00 Cr
Paid-up capital
Rs 10.98 Cr
CIN
U74120MH2012PTC234273
Registered office
#1302, Tower-3, Indiabulls Finance Centre, Senapati Bapat Marg, Elphistone Road (We,st),,Mumbai,Mumbai City,Maharashtra,400013-India

Directors named in the order

Randeep Sasidharan Rema · Keisuke Shimizu

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

Creditors and claims

As the order records them

The Liquidator did not receive any claims from the operational creditors, financial creditors, workmen, employees and other stakeholders

Litigation and delays

The frictions the order records

Litigation

no litigation is pending against the corporate person

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

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