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Solvent wind-down · IBC Section 59

RAD MRO Manufacturing Pvt. Ltd.

U03220KA1997PTC022152 · Company
Dissolved (Liquidated)
Liquidation outcome · IBC s.59
Realisation of assets
₹3.88 Cr
Amount due to creditors
Amount paid to creditors
Liquidation expenses
₹0.50 Cr
Surplus to members
₹3.38 Cr
Time to dissolve
519 days
Commenced
31 Jul 2017
Dissolved
1 Jan 2019
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, ₹3.38 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved (Liquidated)
Company class
Private
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
23 Apr 1997
Authorised capital
₹2.00 Cr
Paid-up capital
₹1.48 Cr
ROC
ROC Bangalore
Industry
Others
PIN
560054
Registered office
#6, NEW BEL ROAD CHIKKAMARANAHALLI,BANGALORE,Bangalore,Karnataka,560054-India
Liquidator
ICSI Institute of Insolvency Professiona
IBBI/IPA-002/IP-00006/2016-17/4
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