Solvent wind-down · IBC Section 59

Orbit Fabrics Private Limited

U18101GJ1992PTC059095 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹6.84 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.96 Cr

Surplus to members

₹5.88 Cr

Time to dissolve

362 days

Commenced

8 Dec 2022

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, ₹5.88 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private