Solvent wind-down · IBC Section 59
Igarashi Motors Sales Pvt. Ltd
U51505TN2005PTC057898 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹19.71 Cr
Amount due to creditors
₹0.06 Cr
Amount paid to creditors
₹0.06 Cr
Liquidation expenses
₹0.09 Cr
Surplus to members
₹19.56 Cr
Time to dissolve
220 days
Commenced
24 Jul 2021
Dissolved
1 Mar 2022
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, ₹19.56 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved (Liquidated)
Company class
Private
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
24 Oct 2005
Authorised capital
₹172.00 Cr
Paid-up capital
₹169.91 Cr
ROC
ROC Chennai
Industry
Trading
PIN
603209
Registered office
PLOT NO. 7 & 8, SUBRAMANIYA SIVA SALAI INDUSTRIAL ESTATE,MARAIMALAI NAGAR,Tamil Nadu,603209-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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