Solvent wind-down · IBC Section 59

Itm Fabrication Industries Limited

U74210MH1996PLC101863 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.85 Cr

Amount due to creditors

₹0.01 Cr

Amount paid to creditors

₹0.01 Cr

Liquidation expenses

₹0.02 Cr

Surplus to members

₹0.82 Cr

Time to dissolve

433 days

Commenced

18 May 2023

Dissolved

24 Jul 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, ₹0.82 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Public