Solvent wind-down · IBC Section 59

Magnum India Hotel Management Private Limited

U55101DL2011PTC225119 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.12 Cr

Amount due to creditors

₹0.05 Cr

Amount paid to creditors

₹0.05 Cr

Liquidation expenses

₹0.05 Cr

Surplus to members

₹0.01 Cr

Time to dissolve

321 days

Commenced

31 Mar 2023

Dissolved

15 Feb 2024

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, ₹0.01 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private