Solvent wind-down · IBC Section 59

Selectron Systems Private Limited

U31501HR2013FTC049874 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.32 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.29 Cr

Surplus to members

₹0.03 Cr

Time to dissolve

666 days

Commenced

23 Apr 2018

Dissolved

18 Feb 2020

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, ₹0.03 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private