Solvent wind-down · IBC Section 59
Milano Luxury Garments Private Limited
U18204KA2011PTC065986 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹2.15 Cr
Amount due to creditors
₹0.06 Cr
Amount paid to creditors
₹0.06 Cr
Liquidation expenses
₹0.12 Cr
Surplus to members
₹1.96 Cr
Time to dissolve
748 days
Commenced
3 Nov 2017
Dissolved
21 Nov 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, ₹1.96 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved (Liquidated)
Company class
Private
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
17 Jan 2011
Authorised capital
₹7.50 Cr
Paid-up capital
₹4.50 Cr
ROC
ROC Bangalore
Industry
Manufacturing (Textiles)
PIN
560054
Registered office
No.3,Amrutamshu,1stCross,1stMainR.M.V2ndStage,3rdBlock,Devasandra,Bangalore,Bangalore,Karnataka,560054-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
Request access →