Solvent wind-down · IBC Section 59

Toshiba Global Commerce Solutions (India) Private Limited

U74120MH2012PTC234273 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.55 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.14 Cr

Surplus to members

₹0.41 Cr

Time to dissolve

791 days

Commenced

16 Mar 2021

Dissolved

16 May 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, ₹0.41 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private