Solvent wind-down · IBC Section 59

Pelican Products and Services India Private Limited

U74140DL2011FTC212742 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.65 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.26 Cr

Surplus to members

₹0.39 Cr

Time to dissolve

925 days

Commenced

1 Mar 2021

Dissolved

12 Sep 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, ₹0.39 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private