Solvent wind-down · IBC Section 59

Varankit Exports Private Limited

U36911RJ1997PTC013273 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹0.56 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.01 Cr

Surplus to members

₹0.55 Cr

Time to dissolve

592 days

Commenced

7 Mar 2022

Dissolved

20 Oct 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, ₹0.55 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private