Solvent wind-down · IBC Section 59

Indo Japan Air Services Private Limited

U74899DL1992PTC050586 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.93 Cr

Amount due to creditors

₹0.01 Cr

Amount paid to creditors

₹0.01 Cr

Liquidation expenses

₹0.04 Cr

Surplus to members

₹1.88 Cr

Time to dissolve

44 days

Commenced

17 Dec 2021

Dissolved

30 Jan 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, ₹1.88 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private