Solvent wind-down · IBC Section 59

GEW Asia Pvt Ltd

U99999MH2006PTC159854 · company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.91 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.10 Cr

Surplus to members

₹0.82 Cr

Time to dissolve

643 days

Commenced

11 Mar 2020

Dissolved

14 Dec 2021

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