Solvent wind-down · IBC Section 59
Spicaworks India Private Limited
U72900KA2018PTC111980 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹2.77 Cr
Amount due to creditors
₹0.01 Cr
Amount paid to creditors
₹0.01 Cr
Liquidation expenses
₹0.23 Cr
Surplus to members
₹2.54 Cr
Time to dissolve
805 days
Commenced
20 Dec 2023
Dissolved
4 Mar 2026
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, ₹2.54 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved under section 59(8)
Company class
Private
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
5 Apr 2018
Authorised capital
₹2.50 Cr
Paid-up capital
₹1.76 Cr
ROC
ROC Bangalore
Industry
Business Services
PIN
560103
Registered office
Innovent Spaces, Floor 4 GA-O-06 Survey No. 293/ 154/172, Outer Ring Road, Kadubeesanahal,li,Marathalli,Bangalore,Karnataka,560103-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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