Solvent wind-down · IBC Section 59

H G C Foundation Pvt Ltd

U67120MH1981PTC025060 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.66 Cr

Amount due to creditors

₹1.54 Cr

Amount paid to creditors

₹1.54 Cr

Liquidation expenses

₹0.12 Cr

Surplus to members

₹0.00 Cr

Time to dissolve

620 days

Commenced

22 Sep 2023

Dissolved

3 Jun 2025

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. Creditor dues were met with no surplus remaining after costs.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private