Solvent wind-down · IBC Section 59

Witworks Consumer Technologies Private Limited

U72200KA2015PTC083013 · Company

Dissolved (Liquidated)

Liquidation outcome · IBC s.59

Realisation of assets

₹1.56 Cr

Amount due to creditors

—

Amount paid to creditors

—

Liquidation expenses

₹0.18 Cr

Surplus to members

₹1.38 Cr

Time to dissolve

638 days

Commenced

12 Sep 2018

Dissolved

11 Jun 2020

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, ₹1.38 Cr in surplus was returned to members.

Company · MCA master

MCA status

Dissolved (Liquidated)

Company class

Private