Solvent wind-down · IBC Section 59

Mitlite Electric Company Private Limited

U31909DL2008PTC177969 · Company

Under Liquidation

Liquidation outcome · IBC s.59

Realisation of assets

₹0.56 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.02 Cr

Surplus to members

₹0.54 Cr

Time to dissolve

640 days

Commenced

30 Sep 2019

Dissolved

1 Jul 2021

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, ₹0.54 Cr in surplus was returned to members.

Company · MCA master

MCA status

Under Liquidation

Company class

Private