Solvent wind-down · IBC Section 59

Hinduja Insurance Broking and Advisory Services Limited

U66000TN2019PLC129176 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.04 Cr

Amount due to creditors

₹0.03 Cr

Amount paid to creditors

₹0.03 Cr

Liquidation expenses

₹0.05 Cr

Surplus to members

₹0.96 Cr

Time to dissolve

264 days

Commenced

30 Sep 2022

Dissolved

21 Jun 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, ₹0.96 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Public