Voluntary liquidation · IBC s.59

Velocloud Networks Private Limited

CIN · U72900TN2013PTC092679 Company Tamil Nadu MCA · Dissolved (Liquidated)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

14 Oct 2022

View process timeline

What did the wind-down return?

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

Assets realised

Rs 5.12 Cr

Value realised from assets

Paid to creditors

Rs 0

No creditor dues reported

Surplus to members

Rs 5.11 Cr

Reported surplus amount

Where the money went

Share of realisation

Creditors · 0.0%Rs 0

Expenses · 0.4%Rs 2.00 L

Members · 99.8%Rs 5.11 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 assets	Rs 5.12 Cr
Amount due to creditors	Rs 0
Amount paid to creditors	Rs 0
Liquidation expenses	Rs 2.00 L
Surplus to members	Rs 5.11 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 dissolve155 days

463 days faster than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down0.4% of realisation

the median is 9.5%

Surplus returnedYes

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

SizeRs 5.12 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 5.11 Cr in surplus was returned to members.

The NCLT order

Read from the document itself

Bench: DIVISION BENCH - I, CHENNAI
Case number: CP(IB)/183(CHE)/2022

Dissolved effective order date

What the bench said

affairs of the Company have been completely wound up and the assets of the Applicant Company have been completely liquidated and as such the Applicant Company deserves to be dissolved.

date not legible · CP(IB)/183(CHE)/2022 · 12 pages Read the order

Why the company wound up

In the order's own words

Velocloud group of companies was globally acquired by VMWare group of entities and consequently the Company became a part of the VMWare group. Pursuant to the said global acquisition, the Company phased out all business activity and the employees of the Company were also moved to VMware group of entities. The Management of the Company does not have any plan to revive the business operations of the Company.

What it was doing by the end: Pursuant to the said global acquisition, the Company phased out all business activity and the employees of the Company were also moved to VMware group of entities.

The wind-down, stage by stage

9 dated stages

155 days to dissolve

19 Apr 2022 Declaration of solvency
12 May 2022 Board resolution to wind up
12 May 2022 Liquidation commenced
14 May 2022 Public announcement
23 Jun 2022 Preliminary report
1 Aug 2022 Final report
1 Aug 2022 Final report filed with the ROC
1 Aug 2022 Final report filed with IBBI
14 Oct 2022 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 (Liquidated)
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: 600032
Incorporated: 26 Aug 2013
Authorised capital: Rs 1.00 L
Paid-up capital: Rs 1.00 L
CIN: U72900TN2013PTC092679
Registered office: 1ST FLOOR, SKCL CENTRAL SQUARE II,B-20&B-21 THIRU-VI-KAINDUSTRIAL ESTATE,GUINDY,Chennai,Chennai,Tamil Nadu,600032-India

Directors named in the order

Craig Douglas Norris · Devakumar Ramamoorthy

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

Unclaimed proceeds

There were no unclaimed dividends and undistributed proceeds in the liquidation process.

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

Received a copy of revenue recovery Certificate on 07.06.2022 from EPFO authorities for a sum of Rs. 8/- as due against levy of damages under Section 14B of EPF & MP Act 1952, reflecting a total amount due of Rs. 40/- which was paid.

Creditor approval

The company had no outstanding debts as on commencement of voluntary liquidation.

Litigation and delays

The frictions the order records

Litigation

no preferential, undervalue, extortionate or fraudulent transactions pending against the applicant company

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

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