Solvent wind-down · IBC Section 59

Lalit Polymers & Electronics Limited

L32109DL1984PLC316708 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.30 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.13 Cr

Surplus to members

₹0.17 Cr

Time to dissolve

179 days

Commenced

5 Sep 2019

Dissolved

2 Mar 2020

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, ₹0.17 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Public