Unit Trust of India Investment Advisory Services 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 1.26 Cr. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 32.53 Cr |
|---|---|
| Amount due to creditors | Rs 1.26 Cr |
| Amount paid to creditors | Rs 1.26 Cr |
| Liquidation expenses | Rs 38.00 L |
| Surplus to members | Rs 30.88 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 register129 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
above 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. Here, Rs 30.88 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- MUMBAI BENCH
- Case number
- C.P. (IB)/489(MB)2023
- Order date
- 2 Jan 2024
Dissolved from the date of this order
What the bench said
Affairs of the company have been completely wound up, and its assets have been completely liquidated.
Statutory observations
Insolvency Professional handling voluntary liquidation process is not required to seek any NOC/NDC from the Income Tax Department
Why the company wound up
In the order's own words
Company do not intend to continue the business of advisory services
- What it was set up to do
- Investment Advisor for the Off-shore Funds floated by UTI and provided accounting and back-office services
- What it was doing by the end
- Company is not doing any business
The wind-down, stage by stage
10 dated stages
- 22 Nov 2021 Board resolution to wind up
- 22 Nov 2021 Declaration of solvency
- 16 Dec 2021 Liquidation commenced
- 20 Dec 2021 Public announcement
- 15 Jan 2022 Last date for creditors to claim
- 27 Jan 2022 Preliminary report
- 10 Mar 2023 Final report
- 2 Jan 2024 Last hearing
- 2 Jan 2024 NCLT order
- 2 Jan 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
- Public
- Category
- Company limited by shares
- Sub-category
- Union government company
- Listing
- Unlisted
- State
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Finance
- PIN
- 400049
- Incorporated
- 20 Jun 1988
- Authorised capital
- Rs 5.00 Cr
- Paid-up capital
- Rs 76.55 L
- CIN
- U65993MH1988GOI047756
- Registered office
- UNIT NO.2, BLOCK B, 1ST FLOOR, JVPD SCHEME GULMOHAR CROSS ROAD NO.9, ANDHERI WEST,MUMBAI,Mumbai City,Maharashtra,400049-India
Directors named in the order
Viraf Rustom Mehta · Madhava Kumar Kuzhiyil · Luke Benedict Fernandez · Avinash Kumar
Shareholding as the order states it
| Member | Shares | % |
|---|---|---|
| erstwhile Unit Trust of India | 100 |
Creditors and claims
As the order records them
no claim has been received from the Creditors
Creditor approval
There are no Creditors in the Company as on the date of commencement of Voluntary Liquidation
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.