Solvent wind-down · IBC Section 59

SMS Plastics Technology Private Limited

U29295DL1995PTC166241 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹2.80 Cr

Amount due to creditors

₹0.04 Cr

Amount paid to creditors

₹0.04 Cr

Liquidation expenses

₹0.09 Cr

Surplus to members

₹2.67 Cr

Time to dissolve

1,638 days

Commenced

4 Feb 2019

Dissolved

31 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, ₹2.67 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private