Solvent wind-down · IBC Section 59

Bayards India Private Limited

U29253MH2014PTC253345 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.99 Cr

Amount due to creditors

₹0.06 Cr

Amount paid to creditors

₹0.06 Cr

Liquidation expenses

₹0.09 Cr

Surplus to members

₹0.85 Cr

Time to dissolve

828 days

Commenced

4 Jan 2020

Dissolved

11 Apr 2022

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, ₹0.85 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private