Solvent wind-down · IBC Section 59

Saurashtra Roadways Private Limited

U60231MH2014PTC251841 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹3.82 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.80 Cr

Surplus to members

₹3.02 Cr

Time to dissolve

1,237 days

Commenced

26 Dec 2019

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, ₹3.02 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private