Solvent wind-down · IBC Section 59

Max Machinery Manufacturing Co. Private Limited

U29259GJ1981PTC004929 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.88 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.04 Cr

Surplus to members

₹1.84 Cr

Time to dissolve

508 days

Commenced

6 Jan 2018

Dissolved

29 May 2019

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, ₹1.84 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private