Solvent wind-down · IBC Section 59

Gencor Cultech India Private Limited

U24110TN2017PTC119213 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.20 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.02 Cr

Surplus to members

₹0.18 Cr

Time to dissolve

474 days

Commenced

1 Dec 2021

Dissolved

20 Mar 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, ₹0.18 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private