Solvent wind-down · IBC Section 59

Salzer Magnet Wires Private Limited

U31300TZ2008PLC014746 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹11.01 Cr

Amount due to creditors

₹10.77 Cr

Amount paid to creditors

₹10.77 Cr

Liquidation expenses

₹0.24 Cr

Surplus to members

₹0.00 Cr

Time to dissolve

2,126 days

Commenced

14 Dec 2019

Dissolved

9 Oct 2025

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. Creditor dues were met with no surplus remaining after costs.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Public