Solvent wind-down · IBC Section 59
Guntur Tobacco Ltd.
U16001AP1937PLC001276 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹0.32 Cr
Amount due to creditors
—
Amount paid to creditors
—
Liquidation expenses
₹0.08 Cr
Surplus to members
₹0.24 Cr
Time to dissolve
619 days
Commenced
16 Oct 2017
Dissolved
27 Jun 2019
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, ₹0.24 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved (Liquidated)
Company class
Public
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
9 Aug 1937
Authorised capital
₹10.00 L
Paid-up capital
₹5.72 L
ROC
ROC Vijayawada
Industry
Manufacturing (Food stuffs)
PIN
522001
Registered office
D.NO.10-2-9, 2ND LANE, SAMBASIVAPETA,GUNTUR,Andhra Pradesh,522001-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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