Solvent wind-down · IBC Section 59

Vulcan Estates Pvt.Ltd.

U70109WB1995PTC073894 · Company

Dissolved under section 59(8)

Liquidation outcome · IBC s.59

Realisation of assets

₹17.14 Cr

Amount due to creditors

₹1.69 Cr

Amount paid to creditors

₹1.69 Cr

Liquidation expenses

₹0.11 Cr

Surplus to members

₹15.34 Cr

Time to dissolve

168 days

Commenced

20 Dec 2023

Dissolved

5 Jun 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, ₹15.34 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved under section 59(8)

Company class

Private