Solvent wind-down · IBC Section 59

Industrial Yarns Threads (India) Private Limited

U17291UP2011PTC048127 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.27 Cr

Amount due to creditors

₹0.02 Cr

Amount paid to creditors

₹0.02 Cr

Liquidation expenses

₹0.04 Cr

Surplus to members

₹0.20 Cr

Time to dissolve

776 days

Commenced

11 Mar 2022

Dissolved

25 Apr 2024

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, ₹0.20 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private