Solvent wind-down · IBC Section 59
M-System India Private Limited
U72900TN2015FTC102340 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹0.64 Cr
Amount due to creditors
₹0.02 Cr
Amount paid to creditors
₹0.02 Cr
Liquidation expenses
₹0.18 Cr
Surplus to members
₹0.44 Cr
Time to dissolve
930 days
Commenced
5 Dec 2020
Dissolved
23 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, ₹0.44 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved under section 59(8)
Company class
Private
Category
Company limited by shares
Sub-category
subsidiary of company incorporated outside India
Listing
Unlisted
Incorporated
28 Sep 2015
Authorised capital
₹2.00 Cr
Paid-up capital
₹1.40 Cr
ROC
ROC Chennai
Industry
Business Services
PIN
600061
Registered office
NO. 24, 2ND STREET CIVIL AVIATION COLONY, NANGANALLUR,CHENNAI,Chennai,Tamil Nadu,600061-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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