Solvent wind-down · IBC Section 59

Visuvas Villas Private Limited

U70101TN2007PTC063853 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹2.56 Cr

Amount due to creditors

₹0.00 Cr

Amount paid to creditors

₹0.00 Cr

Liquidation expenses

₹0.06 Cr

Surplus to members

₹2.50 Cr

Time to dissolve

257 days

Commenced

17 Dec 2022

Dissolved

31 Aug 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, ₹2.50 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private