Solvent wind-down · IBC Section 59

Airespace Wireless Networks Private Limited

U72200KA2003PTC032850 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.60 Cr

Amount due to creditors

₹0.06 Cr

Amount paid to creditors

₹0.06 Cr

Liquidation expenses

₹0.22 Cr

Surplus to members

₹0.32 Cr

Time to dissolve

1,954 days

Commenced

21 Oct 2019

Dissolved

25 Feb 2025

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, ₹0.32 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private