Solvent wind-down · IBC Section 59

J.K.Lungie Handloom Private Limited

U18101WB2007PTC114908 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.41 Cr

Amount due to creditors

₹0.05 Cr

Amount paid to creditors

₹0.05 Cr

Liquidation expenses

₹0.01 Cr

Surplus to members

₹1.34 Cr

Time to dissolve

507 days

Commenced

23 Jan 2023

Dissolved

13 Jun 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, ₹1.34 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private