Solvent wind-down · IBC Section 59
Phonepe Wealth Private Limited
U65990KA2018PTC118559 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹0.13 Cr
Amount due to creditors
₹0.03 Cr
Amount paid to creditors
₹0.03 Cr
Liquidation expenses
₹0.04 Cr
Surplus to members
₹0.05 Cr
Time to dissolve
110 days
Commenced
24 Aug 2024
Dissolved
12 Dec 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, ₹0.05 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
Non-government company
Listing
Unlisted
Incorporated
15 Nov 2018
Authorised capital
₹50.00 Cr
Paid-up capital
₹20.06 Cr
ROC
ROC Bangalore
Industry
Finance
PIN
560103
Registered office
Office-2, Floor 4,5,6,7,Wing A, Block A,Salarpuria Softzone,Service Road,Green Glen Layout,,Bellandur,,Bengaluru,Bangalore,Karnataka,560103-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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