Solvent wind-down · IBC Section 59

Pole Star Enterprises Private Limited

U74999TN2017PTC114003 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.48 Cr

Amount due to creditors

₹0.02 Cr

Amount paid to creditors

₹0.02 Cr

Liquidation expenses

₹0.01 Cr

Surplus to members

₹0.45 Cr

Time to dissolve

245 days

Commenced

16 Nov 2022

Dissolved

19 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, ₹0.45 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private