Solvent wind-down · IBC Section 59

Trans Asia Corporation Limited

L15143MP1993PLC007872 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.62 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.21 Cr

Surplus to members

₹0.41 Cr

Time to dissolve

178 days

Commenced

6 Apr 2021

Dissolved

1 Oct 2021

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 (Liquidated)

Company class

Public