Solvent wind-down · IBC Section 59

Parmanand Overseas Limited

U01111DL2009PLC196373 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.69 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.06 Cr

Surplus to members

₹0.64 Cr

Time to dissolve

617 days

Commenced

22 Nov 2021

Dissolved

1 Aug 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, ₹0.64 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Public