Solvent wind-down · IBC Section 59

SAMC Trustee Private Limited

U67110MH2000PTC129483 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹4.32 Cr

Amount due to creditors

₹0.05 Cr

Amount paid to creditors

₹0.05 Cr

Liquidation expenses

₹0.02 Cr

Surplus to members

₹4.25 Cr

Time to dissolve

298 days

Commenced

22 Jul 2022

Dissolved

16 May 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, ₹4.25 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private