Solvent wind-down · IBC Section 59
Penske Supply Chain Solutions India Private Limited
U60200TN2014FTC097509 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹4.16 Cr
Amount due to creditors
—
Amount paid to creditors
—
Liquidation expenses
₹1.29 Cr
Surplus to members
₹2.87 Cr
Time to dissolve
615 days
Commenced
18 Nov 2021
Dissolved
26 Jul 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, ₹2.87 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved under section 59(8)
Company class
Private
Category
Company limited by shares
Sub-category
subsidiary of company incorporated outside India
Listing
Unlisted
Incorporated
25 Sep 2014
Authorised capital
₹1.55 Cr
Paid-up capital
₹93.78 L
ROC
ROC Chennai
Industry
Transport, storage and Communications
PIN
600008
Registered office
NO. 39/17, SAIT COLONY FIRST ST, LANDMARK BUILDING 5TH FLOOR, EGMORE,CHENNAI,Chennai,Tamil Nadu,600008-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
Request access →