Solvent wind-down · IBC Section 59

Shift India Private Limited

U74999PN2012FTC143023 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.82 Cr

Amount due to creditors

₹0.31 Cr

Amount paid to creditors

₹0.31 Cr

Liquidation expenses

₹0.12 Cr

Surplus to members

₹0.39 Cr

Time to dissolve

1,172 days

Commenced

16 Jul 2019

Dissolved

30 Sep 2022

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, ₹0.39 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private