Solvent wind-down · IBC Section 59

Cytec India Specialty Chemicals & Materials Private Limited

U24233MH2012PTC225865 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹3.16 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.45 Cr

Surplus to members

₹2.71 Cr

Time to dissolve

529 days

Commenced

24 Feb 2023

Dissolved

6 Aug 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, ₹2.71 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private