Solvent wind-down · IBC Section 59

Sterling Fincap Private Limited

U74899DL1988PTC031175 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹2.60 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.45 Cr

Surplus to members

₹2.15 Cr

Time to dissolve

315 days

Commenced

13 Jan 2020

Dissolved

23 Nov 2020

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, ₹2.15 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private