Solvent wind-down · IBC Section 59

Southern Bags & Chemicals Private Limited

U24294TN1981PTC009033 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.37 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.06 Cr

Surplus to members

₹0.31 Cr

Time to dissolve

1,016 days

Commenced

9 Apr 2020

Dissolved

20 Jan 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, ₹0.31 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private