Solvent wind-down · IBC Section 59

Gallus India Private Limited

U74120MH2011FTC219447 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.14 Cr

Amount due to creditors

₹0.05 Cr

Amount paid to creditors

₹0.05 Cr

Liquidation expenses

₹0.27 Cr

Surplus to members

₹0.82 Cr

Time to dissolve

2,204 days

Commenced

22 Nov 2017

Dissolved

5 Dec 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, ₹0.82 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private