Solvent wind-down · IBC Section 59

Lithius Energy Private Limited

U60100TG2018PTC122664 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹2.94 Cr

Amount due to creditors

₹0.16 Cr

Amount paid to creditors

₹0.16 Cr

Liquidation expenses

₹0.16 Cr

Surplus to members

₹2.62 Cr

Time to dissolve

670 days

Commenced

13 Aug 2021

Dissolved

14 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, ₹2.62 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private