Solvent wind-down · IBC Section 59

Avani Mining Private Limited

U10300DL2007PTC157593 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹3.88 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.03 Cr

Surplus to members

₹3.85 Cr

Time to dissolve

1,881 days

Commenced

4 Apr 2019

Dissolved

28 May 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, ₹3.85 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private