Solvent wind-down · IBC Section 59

Ubhay Financiers Pvt. Ltd.

U65999WB1995PTC074517 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.00 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.03 Cr

Surplus to members

₹0.97 Cr

Time to dissolve

655 days

Commenced

29 Aug 2020

Dissolved

15 Jun 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, ₹0.97 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private