Solvent wind-down · IBC Section 59

M. P. Designs Private Limited

U74994DL2007PTC164567 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.63 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.35 Cr

Surplus to members

₹1.28 Cr

Time to dissolve

710 days

Commenced

23 Sep 2019

Dissolved

2 Sep 2021

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, ₹1.28 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private