Solvent wind-down · IBC Section 59

Chartered Institute of Insurance and Financial Services Pvt Ltd

U80301MH2009FTC191233 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹3.88 Cr

Amount due to creditors

₹0.34 Cr

Amount paid to creditors

₹0.34 Cr

Liquidation expenses

₹0.03 Cr

Surplus to members

₹3.51 Cr

Time to dissolve

283 days

Commenced

9 Jan 2023

Dissolved

19 Oct 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, ₹3.51 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private