Voluntary liquidations
9Solvent member-voluntary liquidations under s.59 — a separate mandate type from CIRP, and a different job: no creditors' committee, no resolution plan, a surplus to return.
Median time to dissolution3y 4mo
across 5 completed · every VL on record runs 1y 8mo
Dissolution orders read3 of 9
the tribunal's own order, field by field — expand a row for the dated sequence
| Corporate Debtor | Appointed | Realised | Paid to Creditors | Surplus | Commenced → dissolved |
|---|---|---|---|---|---|
| Kobelco Plate Processing India Private Limited |
Voluntary Liquidator · Dec 2022 |
🔒 | 🔒 | 🔒 | 3y 4mo to May 2026 |
CAI Industries CBE Private Limited
6 dated steps in the orderDIVISION BENCH - I, CHENNAI
|
Voluntary Liquidator · Oct 2020 |
🔒 | 🔒 | 🔒 | 2y 4mo to Feb 2023 |
| Mayiladuthurai P.S. Finance Limited |
Voluntary Liquidator · Mar 2021 |
🔒 | 🔒 | 🔒 | 5y 2mo to Jun 2026 |
Sathi Sai Finance and Investments Ltd
5 dated steps in the orderDIVISION BENCH – I, CHENNAI
Delay recorded in the order“Liquidation continued beyond twelve months, holding progress reports for consecutive twelve months as mandated by regulations, and ultimately completed on 14.03.2024.” |
Voluntary Liquidator · Mar 2021 |
🔒 | 🔒 | 🔒 | 3y 4mo to Aug 2024 |
| TRX Technologies India Private Limited |
Voluntary Liquidator · Aug 2023 |
🔒 | 🔒 | 🔒 | in process |
Snp Billing Services India Private Limited
4 dated steps in the orderDIVISION BENCH - II, CHENNAI
|
Voluntary Liquidator · Jan 2021 |
🔒 | 🔒 | 🔒 | 17 mo to Jun 2022 |
Realised, paid and surplus figures are member data. Figures shown where an outcome has been filed.
The dated sequence inside a row is read from the tribunal's dissolution order itself, one field at a time, with the page it came from held against it. Regulation 37 (as amended with effect from 31 Jan 2024) sets 270 days from commencement where the creditors approved the resolution and 90 days where they were not required to — this page does not assign a per-case target, because whether creditors approved is recorded in these orders as prose and has not been classified. The comparison shown is the median of every voluntary liquidation on record: same statistic, same basis.
Source: IBBI register and published data. How we source and correct →
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Role mix
Voluntary Liquidator9
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