Solvent wind-down · IBC Section 59

Vertex India Venture Advisory Private Limited

U74140KA2012FTC062074 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹3.90 Cr

Amount due to creditors

₹0.02 Cr

Amount paid to creditors

₹0.02 Cr

Liquidation expenses

₹0.07 Cr

Surplus to members

₹3.80 Cr

Time to dissolve

266 days

Commenced

4 Jan 2023

Dissolved

27 Sep 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, ₹3.80 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private