Vista Soft India Private 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 9.00 L. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 24.00 L |
|---|---|
| Amount due to creditors | Rs 9.00 L |
| Amount paid to creditors | Rs 9.00 L |
| Liquidation expenses | Rs 9.00 L |
| Surplus to members | Rs 6.00 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 register175 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
below 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 6.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- Chennai Division Bench (Court - I)
- Case number
- CP(IB)/181(CHE)/2023
- Order date
- 3 May 2024
Dissolved effective order date
What the bench said
We have perused the documents, it is seen from the Auditors Certificate on receipts and payments pertaining to voluntary Liquidation, the details of receipts are matching with the details of payments
Statutory observations
It is seen from Form - H, the amount as stated in the Realization and Distribution does not tally. The matter was listed for clarification twice on this aspect by this Tribunal and inspite of the same, the Liquidator was not in a position to clarify the said issue.
Why the company wound up
In the order's own words
- What it was set up to do
- providing equity research and software services to clients in USA
The wind-down, stage by stage
5 dated stages
- 23 Feb 2022 Declaration of solvency
- 2 Mar 2022 Liquidation commenced
- 14 Apr 2022 Preliminary report
- 3 May 2024 NCLT order
- 3 May 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
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Tamil Nadu
- ROC
- ROC Chennai
- Industry
- Business Services
- PIN
- 600033
- Incorporated
- 9 Nov 2000
- Authorised capital
- Rs 5.00 L
- Paid-up capital
- Rs 1.00 L
- CIN
- U72200TN2000PTC046082
- Registered office
- 161, LAKE VIEW ROAD,WEST MAMBALAM, WEST MAMBALAM,,CHENNAI - 600 033.,Chennai,Tamil Nadu,600033-India
Directors named in the order
Srinivasamurti Vittal · Shantha Raghunathan
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 23.76 L
- Total payments
- Rs 23.76 L
- Liquidator fee
- Rs 2.00 L
Receipts
| Opening Balances City Union Bank | Rs 2.01 L |
|---|---|
| Opening Balances HDFC Bank | Rs 19.23 L |
| Opening Balances Cash On Hand | Rs 6 |
| Income Tax Refund Received | Rs 2.49 L |
| Earlier period excess expense recovered | Rs 2,000 |
Payments
| Prior years taxes paid | Rs 1.20 L |
|---|---|
| TDS old demands paid | Rs 8.26 L |
| Sundry expense | Rs 6 |
| Bank Charges | Rs 2,500 |
| Special Audit Fees paid - Mr. Anandhan | Rs 1.70 L |
| Consultancy Charges | Rs 3.70 L |
| NCLT Fees & Expenses | Rs 5,000 |
| ROC Form INC28 filing fees & expenses | Rs 5,000 |
| Other expenses | Rs 13,600 |
| Liquidator's Fees | Rs 2.00 L |
| NCLT Advocate Fees | Rs 73,000 |
| Public Announcement Advertising paid to Top Advertising & Marketing | Rs 36,750 |
| Paid Up Capital Repaid - Mrs. Shantha Raghunathan | Rs 60,000 |
| Paid Up Capital Repaid - Mr. Vittal | Rs 20,000 |
| Dividend Paid - Mrs. Shantha Raghunathan | Rs 3.16 L |
| Dividend Paid - Mr. Vittal | Rs 2.11 L |
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.