Solvent wind-down · IBC Section 59

Indian Transelectric Company Limited

U29255DL2007PLC161104 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.76 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.03 Cr

Surplus to members

₹0.73 Cr

Time to dissolve

315 days

Commenced

3 Mar 2020

Dissolved

12 Jan 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, ₹0.73 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Public