Solvent wind-down · IBC Section 59
Pillar Industries India Private Limited
U25209TN2020FTC134821 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹8.86 Cr
Amount due to creditors
—
Amount paid to creditors
—
Liquidation expenses
₹0.12 Cr
Surplus to members
₹8.74 Cr
Time to dissolve
577 days
Commenced
10 Sep 2021
Dissolved
10 Apr 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, ₹8.74 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
11 Mar 2020
Authorised capital
₹10.00 Cr
Paid-up capital
₹10.00 Cr
ROC
ROC Chennai
Industry
Manufacturing (Metals and Chemicals, and products thereof)
PIN
600079
Registered office
No.04, First floor Murugappan Street, Sowcarpet,CHENNAI,Chennai,Tamil Nadu,600079-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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