Zoloz Software Solutions 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 1.68 Cr. Reported payout equals 100.0% of dues.
All financial figures & reading notes
| Realisation of assets | Rs 1.74 Cr |
|---|---|
| Amount due to creditors | Rs 1.68 Cr |
| Amount paid to creditors | Rs 1.68 Cr |
| Liquidation expenses | Rs 5.00 L |
| 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 register493 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. Creditor dues were met with no surplus remaining after costs.
The NCLT order
Read from the document itself
- Bench
- Mumbai Bench, Court - I / Court - II
- Case number
- CP (IB)/695/MB/2023
- Order date
- 1 May 2024
Dissolved effective order date
What the bench said
It is seen that the affairs of the Company have been completely wound up and the assets of the Company have been completely liquidated and therefore, this Application u/s 59 of the Code is as such complete and it deserves to be allowed.
Why the company wound up
In the order's own words
The company explored business opportunities outside India but had limited financial resources. After assessing the situation, it was decided to wind up operations abroad as they were not deemed financially beneficial.
- What it was set up to do
- To develop, design, provide, maintain, apparatus and instruments for the identification or automatic recognition of persons etc; To engage in the field of controlling persons' access, namely, providing a secured-access etc; and To provide access to telecommunication networks and providing telecommunications connections to computer networks; data communication etc.
- What it was doing by the end
- The company explored business opportunities outside India but had limited financial resources. After assessing the situation, it was decided to wind up operations abroad as they were not deemed financially beneficial.
The wind-down, stage by stage
10 dated stages
- 24 Mar 2021 Board resolution to wind up
- 16 Apr 2021 Liquidation commenced
- 20 Apr 2021 Public announcement
- 15 May 2021 Last date for creditors to claim
- 29 May 2021 Preliminary report
- 25 Mar 2023 Final report
- 11 Apr 2023 Final report filed with IBBI
- 12 Apr 2023 Final report filed with the ROC
- 1 May 2024 NCLT order
- 1 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
- Maharashtra
- ROC
- ROC Mumbai
- Industry
- Business Services
- PIN
- 400034
- Incorporated
- 12 Jun 2017
- Authorised capital
- Rs 2.08 Cr
- Paid-up capital
- Rs 2.08 Cr
- CIN
- U72900MH2017PTC296034
- Registered office
- 1/12, Floor-10, Everest Pandit Madan Mohan Malviya Marg, Tardeo,Mumbai,Mumbai City,Maharashtra,400034-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
- Total receipts
- Rs 1.74 Cr
- Total payments
- Rs 1.74 Cr
- Liquidation cost
- Rs 1.51 L
Receipts
| Cash at Bank | Rs 1.74 Cr |
|---|
Payments
| Distribution to Equity Shareholder | Rs 1.68 Cr |
|---|---|
| Liquidation Costs | Rs 1.51 L |
| Taxes Paid | Rs 81,021 |
| Other Expenses | Rs 1.90 L |
| Bank Charges | Rs 18,594 |
| Legal and Professional Charges | Rs 90,000 |
What the company held
There were no assets except cash balance in the company.
Creditors and claims
As the order records them
The Liquidator received claims from 4 stakeholders: Gagan Gulati (claimed 140000, admitted 140000), Goyal S & Co. (claimed 90000, admitted 90000), Zoloz Pte. Ltd. (claimed 20799990, admitted 20799990), Rajesh Modani (claimed 10, admitted 10).
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
See other companies in the voluntary liquidation register.