Solvent wind-down · IBC Section 59

Nvantage India Private Limited

U74999MH2018PTC308215 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹38.44 Cr

Amount due to creditors

₹0.28 Cr

Amount paid to creditors

₹0.28 Cr

Liquidation expenses

₹0.12 Cr

Surplus to members

₹38.04 Cr

Time to dissolve

1,099 days

Commenced

1 Dec 2020

Dissolved

5 Dec 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, ₹38.04 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private