Solvent wind-down · IBC Section 59

GB Foods India Trading Private Limited

U74999TN2016FTC112915 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹13.22 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.61 Cr

Surplus to members

₹12.60 Cr

Time to dissolve

1,765 days

Commenced

8 Aug 2019

Dissolved

7 Jun 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, ₹12.60 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private