Solvent wind-down · IBC Section 59

Velocloud Networks Private Limited

U72900TN2013PTC092679 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹5.12 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.02 Cr

Surplus to members

₹5.11 Cr

Time to dissolve

155 days

Commenced

12 May 2022

Dissolved

14 Oct 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, ₹5.11 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private