Solvent wind-down · IBC Section 59

KPS Systems Private Limited

U72200GJ2005PTC045801 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.72 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.00 Cr

Surplus to members

₹0.72 Cr

Time to dissolve

822 days

Commenced

5 Apr 2021

Dissolved

6 Jul 2023

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, ₹0.72 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private