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Voluntary liquidation · IBC s.59

Premier Logic India Private Limited

CIN · U74999UP2017FTC089347 Company Uttar Pradesh MCA · Dissolved under section 59(8)

The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.

Process record Dissolution recorded

20 Feb 2025

View process timeline

What did the wind-down return?

Reported financials Rs crore, shown in lakh below Rs 1 crore

Assets realised
Rs 40.00 L
Value realised from assets
Paid to creditors
Rs 10.00 L
100.0% of reported dues
Surplus to members
Rs 14.00 L
Reported surplus amount

Where the money went

Share of realisation
Creditors · 25.0%Rs 10.00 L
Expenses · 40.0%Rs 16.00 L
Members · 35.0%Rs 14.00 L

Amount due to creditors: Rs 10.00 L. Reported payout equals 100.0% of dues.

All financial figures & reading notes
Amounts as recorded for this voluntary liquidation
Realisation of assetsRs 40.00 L
Amount due to creditorsRs 10.00 L
Amount paid to creditorsRs 10.00 L
Liquidation expensesRs 16.00 L
Surplus to membersRs 14.00 L

"Not reported" means no figure is available. A reported zero is shown as zero. Registry capital further down the page is separate from liquidation proceeds, and so are any figures read from the NCLT order.

Where this wind-down sits

against every completed s.59 on the register
Time to dissolve1,157 days

539 days slower than the median of 618 days across 1,597 completed wind-downs

Cost of the wind-down40.0% of realisation

the median is 9.5%

Surplus returnedYes

72% of completed wind-downs returned a surplus to members

SizeRs 40.00 L

below the median realisation of Rs 66.00 L

Reading this record

This is a voluntary liquidation under IBC Section 59 — a solvent company choosing to wind up. Creditors are paid in full and costs met before any surplus returns to members; there is no haircut and no acquirer. Read assets realised, creditor payments, expenses and members' surplus separately. Here, Rs 14.00 L in surplus was returned to members.

The wind-down, stage by stage

2 dated stages

1,157 days to dissolve
  1. 21 Dec 2021 Liquidation commenced
  2. 20 Feb 2025 Dissolved

Green marks a date from the IBBI register; blue marks a date read from an NCLT order.

The company behind the record

Identity, registration and capital

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
State
Uttar Pradesh
ROC
ROC Kanpur
Industry
Business Services
PIN
201014
Incorporated
20 Jan 2017
Authorised capital
Rs 5.00 L
Paid-up capital
Rs 4.72 L
CIN
U74999UP2017FTC089347
Registered office
C-287, First Floor, Govindpuram, Ghaziabad, UP-201 Govindpuram,,Ghaziabad,Ghaziabad,Uttar Pradesh,201014-India
Company registry · MCA data as on 12 Jun 2026. Capital figures are shown separately from the wind-down financials.

Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error

Keep exploring.

See other companies in the voluntary liquidation register.

All voluntary liquidations