Solvent wind-down · IBC Section 59

Cortina Network Systems Private Limited

U72200KA2003PTC032504 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹5.68 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.17 Cr

Surplus to members

₹5.51 Cr

Time to dissolve

740 days

Commenced

17 Mar 2023

Dissolved

26 Mar 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, ₹5.51 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private