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IN THE NATIONAL COMPANY LAW TRIBUNAL

DIVISION BENCH (COURT– I) CHENNAI

ATTENDANCE CUM ORDER SHEET OF THE HEARING

HELD ON 16.12.2025 THROUGH VIDEO CONFERENCING

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PRESENT: HON’BLE SHRI. SANJIV JAIN, MEMBER (JUDICIAL)

HON’BLE SHRI. VENKATARAMAN SUBRAMANIAM, MEMBER (TECHNICAL

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APPLICATION NUMBER :

PETITION NUMBER : CP(IB)/313(CHE)/2025

NAME OF THE PETITIONER(S) : Esteem Credits And Investments Pvt Ltd

NAME OF THE RESPONDENTS :

UNDER SECTION : Sec 59 of IBC, 2016

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ORDER IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH – I, CHENNAI Under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016 Shanmugakani Saraskumar, Liquidator of Esteem Credits and Investments Private Limited (In Voluntary Liquidation)

Present: None for the Petitioner.

Vide separate order pronounced in Open Court, petition is disposed of

and the Company Esteem Credits And Investments Pvt Ltd is dissolved

File be consigned to records.

-Sd- -Sd-

(VENKATARAMAN SUBRAMANIAM) (SANJIV JAIN) MEMBER (TECHNICAL) MEMBER (JUDICIAL)

MG

Date: 16.12.2025

CIN: U65991TN1992PTC023335 No.64, B-Block, Anna Nagar, Chennai – 600 040.

… Petitioner Order Pronounced on 16th December, 2025 CORAM SHRI. SANJIV JAIN, MEMBER (JUDICIAL)

SHRI. VENKATARAMAN SUBRAMANIAM, MEMBER (TECHNICAL)

Present:

For Petitioner : Mr. Balu Sridhar, PCS

O R D E R

(Heard through hybrid mode)

1. This is a Company Petition filed by the Liquidator in relation to voluntary liquidation of Esteem Credits and Investments Private Limited with CIN: U65991TN1992PTC023335, under Section 59 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “IBC, 2016”), seeking dissolution of the Company.

incorporated on 25.08.1992 in Chennai with the object to carry on the business of hire-purchase, leasing and hiring of properties of all kinds including but not limited to immovable properties, plant and machinery, office equipment and motor-vehicles, etc.

3. The authorised, issued, subscribed and paid up share capital of the company was as under:

4. The list of shareholders and Board of Directors of the company is annexed as Annexures – 3 & 4.

5. It is stated that the company was registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC) vide Certificate of Registration No. [CoR No. B-07. 00626] dated 22.06.2001. However, the Company voluntarily decided to cease its NBFC operations and filed an application to the Reserve Bank of India for cancellation of its NBFC licence. The Reserve Bank of India, after examining the application cancelled the NBFC registration certificate granted to the Company on 20.12.2023. Copy of the communication received from the Reserve Bank of India confirming such cancellation is annexed as Annexure-5.

6. It is stated that the Board of Directors of the Company vide meeting dated 07.03.2025 decided to voluntarily wind up the affairs of the Company. Accordingly, the Board of Directors made a Declaration of Solvency and approved the proposal for winding up the company under voluntary liquidation process, such that capital invested by the Shareholders can be returned to them. Copy of the declaration of solvency accompanied by the audited financial statements for the Financial Years 2022-2023 and 2023-2024 and statement containing the assets and liabilities of the company as on the date of commencement of liquidation are annexed as Annexure- 6.

7. The declaration of solvency was filed with the Registrar of Companies in e-Form GNL 2 vide SRNAB3007210 dated 19.03.2025 and is annexed as Annexure 7. Copy of Board resolution dated 07.03.2025 is annexed as Annexure 8.

8. It is stated that in an Extraordinary General Meeting held on 29.0