Solvent wind-down · IBC Section 59

Elero Motors And Controls Private Limited

U50300DL2003PTC120375 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.02 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.12 Cr

Surplus to members

₹0.90 Cr

Time to dissolve

492 days

Commenced

15 Oct 2023

Dissolved

18 Feb 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, ₹0.90 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private