Solvent wind-down · IBC Section 59

Fortigo Network Finance Private Limited

U65990KA2018PTC118147 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.65 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.07 Cr

Surplus to members

₹1.59 Cr

Time to dissolve

879 days

Commenced

7 Mar 2022

Dissolved

2 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, ₹1.59 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private