Solvent wind-down · IBC Section 59
Precision Fashions Limited
U74994DL2003PLC119522 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹2.68 Cr
Amount due to creditors
₹0.00 Cr
Amount paid to creditors
₹0.00 Cr
Liquidation expenses
₹0.07 Cr
Surplus to members
₹2.61 Cr
Time to dissolve
454 days
Commenced
23 Feb 2023
Dissolved
22 May 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, ₹2.61 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved under section 59(8)
Company class
Public
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
24 Mar 2003
Authorised capital
₹35.25 Cr
Paid-up capital
₹2.55 Cr
ROC
ROC Delhi
Industry
Business Services
PIN
110057
Registered office
C-17/1 PASCHIMI MARG,VASANT VIHAR,NEW DELHI,South West Delhi,Delhi,110057-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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