Solvent wind-down · IBC Section 59

Paarkadel Ballast Technology Private Limited

U74999MH2017PTC291377 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹6.07 Cr

Amount due to creditors

₹0.01 Cr

Amount paid to creditors

₹0.01 Cr

Liquidation expenses

₹0.07 Cr

Surplus to members

₹6.24 Cr

Time to dissolve

1,691 days

Commenced

20 Feb 2020

Dissolved

7 Oct 2024

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, ₹6.24 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private