Solvent wind-down · IBC Section 59

SB&N Freight Exchange Private Limited

U61200WB2005PTC102713 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.21 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.01 Cr

Surplus to members

₹1.20 Cr

Time to dissolve

372 days

Commenced

19 Nov 2018

Dissolved

26 Nov 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, ₹1.20 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private