Solvent wind-down · IBC Section 59

Tennant Cleaning Systems India Private Limited

U74930DL2008PTC185956 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.72 Cr

Amount due to creditors

₹0.01 Cr

Amount paid to creditors

₹0.01 Cr

Liquidation expenses

₹0.09 Cr

Surplus to members

₹0.62 Cr

Time to dissolve

458 days

Commenced

20 Oct 2020

Dissolved

21 Jan 2022

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, ₹0.62 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private