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2025 Supreme(Online)(NCLT) 213

NATIONAL COMPANY LAW TRIBUNAL
Sri Rajeev Bhardwaj, Sri Sanjay Puri, JJ
Kasi Srinivas VS


Advocates:
For the Petitioner:Kadiyala Laxmi Prasanna

ORDER

1. This application has been filed seeking dissolution of the Corporate Debtor and to discharge the Liquidator from his duties as Liquidator.

2. The facts of the case briefly are as follows:

a) This Application is filed by the Liquidator of the Corporate Debtor M/s.Payism Technologies India Private Limited u/s 54 of Insolvency and Bankruptcy Code 2016 R/w Regulation 14, 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 seeking to dissolve the corporate debtor M/s.Payism Technologies India Private Limited and to pass necessary orders to direct the Financial Creditors to pay the CIRP and Liquidation Expenses.

b) The Applicant was appointed as the Liquidator of the CD vide orders dated 06.02.2024 in IA No. 1760/2023 in CP(IB)No.14/7/HDB/2020 (certified order copy received on 05-09-2024). The address of the Applicant is Flat No. 104, Kavuri Supreme Enclave, Kavuri Hills, Opposite Punjab & Sind Bank, Madhapur, Hyderabad – 500 033, e-mail Id: srinivaskashyap111080 @gmail .com c) The Applicant Company is a registered Company under the jurisdiction of this Authority and orders for commencement of the Liquidation Process was passed by this Author

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