Solvent wind-down · IBC Section 59

Ars Sales Private Limited

U52190WB2011PTC170078 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.61 Cr

Amount due to creditors

₹0.01 Cr

Amount paid to creditors

₹0.01 Cr

Liquidation expenses

₹0.03 Cr

Surplus to members

₹0.58 Cr

Time to dissolve

209 days

Commenced

27 Dec 2023

Dissolved

23 Jul 2024

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, ₹0.58 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private