Solvent wind-down · IBC Section 59
Magizham Nidhi Limited
U64990TZ2023PLN029909 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹0.30 Cr
Amount due to creditors
₹0.27 Cr
Amount paid to creditors
₹0.27 Cr
Liquidation expenses
₹0.03 Cr
Surplus to members
₹0.00 Cr
Time to dissolve
518 days
Commenced
30 Sep 2024
Dissolved
2 Mar 2026
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.
Creditor dues were met with no surplus remaining after costs.
Company · MCA master
MCA status
Under Liquidation
Company class
Public
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
15 Nov 2023
Authorised capital
₹30.00 L
Paid-up capital
₹30.00 L
ROC
ROC Coimbatore
Industry
Finance
PIN
641407
Registered office
D.No 8/16/5,,Thennampalayam,Palladam,Coimbatore,Tamil Nadu,641407-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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