Solvent wind-down · IBC Section 59

ADS Advanced Engineering (India) Private Limited

U74900KA2013FTC072479 · company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.32 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.04 Cr

Surplus to members

₹1.28 Cr

Time to dissolve

836 days

Commenced

17 Oct 2020

Dissolved

31 Jan 2023

Solvent voluntary liquidation under IBC Section 59 — a healthy company choosing to wind up. Creditors are paid in full and costs met before any surplus returns to members; there is no haircut or acquirer. Here, ₹1.28 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private