Solvent wind-down · IBC Section 59
Sathi Sai Finance and Investments Ltd.
U65991TN1990PLC019483 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹0.98 Cr
Amount due to creditors
₹0.00 Cr
Amount paid to creditors
₹0.00 Cr
Liquidation expenses
₹0.08 Cr
Surplus to members
₹0.91 Cr
Time to dissolve
1,228 days
Commenced
29 Mar 2021
Dissolved
8 Aug 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, ₹0.91 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
6 Aug 1990
Authorised capital
₹50.00 L
Paid-up capital
₹31.22 L
ROC
ROC Chennai
Industry
Finance
PIN
609002
Registered office
2, AYYANAR KOIL STREET KORANAD,MAYILADUTHURAI,NAGAPATINUM DISTRICT.,Tamil Nadu,609002-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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