Solvent wind-down · IBC Section 59
Team8 Solutions Pvt. Ltd.
U72200KA2006PTC038122 · Company
Liquidation outcome · IBC s.59
Realisation of assets
₹2.80 Cr
Amount due to creditors
₹0.05 Cr
Amount paid to creditors
₹0.05 Cr
Liquidation expenses
₹0.32 Cr
Surplus to members
₹2.43 Cr
Time to dissolve
310 days
Commenced
5 Mar 2018
Dissolved
9 Jan 2019
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, ₹2.43 Cr in surplus was returned to members.
Company · MCA master
MCA status
Dissolved (Liquidated)
Company class
Private
Category
Company limited by shares
Sub-category
Non-government company
Listing
Unlisted
Incorporated
2 Jan 2006
Authorised capital
₹1.40 Cr
Paid-up capital
₹1.37 Cr
ROC
ROC Bangalore
Industry
Business Services
PIN
560071
Registered office
#60, Adrash Regent, 100 feet Ring Road, Domlur Extension,Bangalore,Bangalore,Karnataka,560071-India
Full voluntary-liquidation records — realisation, payout and surplus across every quarter — are available to members.
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