Solvent wind-down · IBC Section 59

Magic Hospitalities Private Limited

U45200DL2007PTC158742 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹40.51 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.10 Cr

Surplus to members

₹40.41 Cr

Time to dissolve

791 days

Commenced

27 Feb 2023

Dissolved

28 Apr 2025

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, ₹40.41 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private