Solvent wind-down · IBC Section 59

Lightspeed Advisory Services India Private Limited

U74140DL2007PTC223394 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹2.32 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.08 Cr

Surplus to members

₹2.24 Cr

Time to dissolve

1,169 days

Commenced

23 Mar 2021

Dissolved

4 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, ₹2.24 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private