Solvent wind-down · IBC Section 59

Shinmaywa Industries India Private Limited

U34101DL2009FTC234902 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.42 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.16 Cr

Surplus to members

₹1.25 Cr

Time to dissolve

1,045 days

Commenced

5 Sep 2020

Dissolved

17 Jul 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, ₹1.25 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private