Solvent wind-down · IBC Section 59

Unit Trust of India Investment Advisory Services Limited

U65993MH1988GOI047756 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹32.53 Cr

Amount due to creditors

₹1.26 Cr

Amount paid to creditors

₹1.26 Cr

Liquidation expenses

₹0.38 Cr

Surplus to members

₹30.88 Cr

Time to dissolve

747 days

Commenced

16 Dec 2021

Dissolved

2 Jan 2024

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, ₹30.88 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Public