Solvent wind-down · IBC Section 59

MF Process & Solutions Private Limited

U74999WB2008PTC126530 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.15 Cr

Amount due to creditors

₹0.24 Cr

Amount paid to creditors

₹0.24 Cr

Liquidation expenses

₹0.10 Cr

Surplus to members

₹0.82 Cr

Time to dissolve

549 days

Commenced

28 Jan 2022

Dissolved

31 Jul 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, ₹0.82 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private