Solvent wind-down · IBC Section 59

Laxmi Edifice Private Limited

U45201GJ2010PTC059577 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.28 Cr

Amount due to creditors

₹0.31 Cr

Amount paid to creditors

₹0.31 Cr

Liquidation expenses

₹0.05 Cr

Surplus to members

₹0.93 Cr

Time to dissolve

981 days

Commenced

28 Sep 2020

Dissolved

6 Jun 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, ₹0.93 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private