Voluntary liquidation · IBC s.59

Twenty One Net (India) Private Limited

CIN · U32109MH2009PTC194474 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

19 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 0

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 0

A zero surplus is recorded

Where the money went

Reported amounts

A proportional proceeds split is not available for these reported values.

CreditorsRs 0

ExpensesRs 0

MembersRs 0

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 0
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 0
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 register

Time to dissolve1,005 days

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

Surplus returnedNo

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

SizeRs 0

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.

The NCLT order

Read from the document itself

Bench: COURT-V, MUMBAI BENCH
Case number: C.P.(IB) 648/MB/2022
Order date: 19 May 2023

Company Petition is allowed. Corporate Person is dissolved.

What the bench said

the affairs of the Corporate Person have been completely wound up and its assets are liquidated

19 May 2023 · C.P.(IB) 648/MB/2022 · 5 pages Read the order

The wind-down, stage by stage

10 dated stages

1,005 days to dissolve

14 Aug 2020 Board resolution to wind up
17 Aug 2020 Liquidation commenced
19 Aug 2020 Public announcement
23 Aug 2020 Declaration of solvency
30 Sep 2020 Preliminary report
30 Mar 2022 Final report
30 Mar 2022 Final report filed with the ROC
30 Mar 2022 Final report filed with IBBI
19 May 2023 NCLT order
19 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: Manufacturing (Machinery and Equipments)
PIN: 400097
Incorporated: 30 Jul 2009order says 30 Jun 2009
Authorised capital: Rs 75.00 L
Paid-up capital: Rs 75.00 L
CIN: U32109MH2009PTC194474
Registered office: 601-B, DSK SARASWATI CHS LTD, VAISHET PADA NO 2 KURAR VILLAGE, NEAR PAREKH NAGAR, MALAD,(EAST),MUMBAI,Mumbai City,Maharashtra,400097-India

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 at Bank and Negotiable Securities- Rs. 32,876/-

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.