Solvent wind-down · IBC Section 59

NIIT Institute of Process Excellence Limited

U72300DL2008PLC176254 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹2.80 Cr

Amount due to creditors

₹0.10 Cr

Amount paid to creditors

₹0.10 Cr

Liquidation expenses

₹0.03 Cr

Surplus to members

₹2.67 Cr

Time to dissolve

1,255 days

Commenced

19 Feb 2020

Dissolved

28 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, ₹2.67 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Public