The case involves an application filed by the Liquidator of Payism Technologies India Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the corporate debtor and discharge of the Liquidator from his duties. The liquidation process was initiated following an order by the National Company Law Tribunal (NCLT), Hyderabad Bench, after the corporate debtor was admitted into liquidation. The liquidator made efforts to convene meetings of the Stakeholders Consultancy Committee (SCC), but the financial creditors showed reluctance to participate or submit their claims. The liquidator also filed necessary reports and memorandum before the NCLT.
Payism Technologies India Private Limited, a private limited company incorporated in India, was undergoing liquidation under the Insolvency and Bankruptcy Code, 2016. The Corporate Identity Number (CIN) of the company is U72200TG2013PTC091292. The liquidation process was initiated following an order by the NCLT, Hyderabad Bench. Mr. Kasi Srinivas was appointed as the Liquidator to conduct the liquidation process. A public announcement was made regarding the initiation of the liquidation process, calling for stakeholders to submit their claims. The first meeting of the Stakeholders Consultancy Committee (SCC) was conducted, but the creditors were unwilling to submit their claims. The liquidator filed the Asset Memorandum, List of Stakeholders, and Preliminary Report
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The Authority ordered for liquidation of the…
The Liquidator submitted that the…
The case involves an application filed by the Liquidator of Payism Technologies India Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the corporate debtor and discharge of the Liquidator from his duties. The liquidation process was initiated following an order by the National Company Law Tribunal (NCLT), Hyderabad Bench, after the corporate debtor was admitted into liquidation. The liquidator made efforts to convene meetings of the Stakeholders Consultancy Committee (SCC), but the financial creditors showed reluctance to participate or submit their claims. The liquidator also filed necessary reports and memorandum before the NCLT.
Payism Technologies India Private Limited, a private limited company incorporated in India, was undergoing liquidation under the Insolvency and Bankruptcy Code, 2016. The Corporate Identity Number (CIN) of the company is U72200TG2013PTC091292. The liquidation process was initiated following an order by the NCLT, Hyderabad Bench. Mr. Kasi Srinivas was appointed as the Liquidator to conduct the liquidation process. A public announcement was made regarding the initiation of the liquidation process, calling for stakeholders to submit their claims. The first meeting of the Stakeholders Consultancy Committee (SCC) was conducted, but the creditors were unwilling to submit their claims. The liquidator filed the Asset Memorandum, List of Stakeholders, and Preliminary Report
…The Authority ordered for liquidation of the…
The Liquidator submitted that the…