Solvent wind-down · IBC Section 59
Kerala Gail Gas Limited
U40200KL2011GOI029899 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹3.53 Cr
Amount due to creditors
₹0.02 Cr
Amount paid to creditors
₹0.02 Cr
Liquidation expenses
₹0.21 Cr
Surplus to members
₹3.30 Cr
Time to dissolve
408 days
Commenced
28 Dec 2020
Dissolved
9 Feb 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, ₹3.30 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved (Liquidated)
Company class
Public
Category
Company limited by shares
Sub-category
Union government company
Listing
Unlisted
Incorporated
22 Nov 2011
Authorised capital
₹30.00 Cr
Paid-up capital
₹1.00 L
ROC
ROC Ernakulam
Industry
Electricity, Gas and Water companies
PIN
682016
Registered office
2ND FLOOR, CHOICE TOWER, MANORAMA JUNCTION,ERNAKULAM,Kerala,682016-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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