Solvent wind-down · IBC Section 59

Infrastructure Development Corporation of Assam Limited

U45202AS2006PLC008224 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.50 Cr

Amount due to creditors

₹0.02 Cr

Amount paid to creditors

₹0.02 Cr

Liquidation expenses

₹0.05 Cr

Surplus to members

₹0.40 Cr

Time to dissolve

246 days

Commenced

26 Sep 2018

Dissolved

30 May 2019

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, ₹0.40 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Public