Paymark Payment Technologies & Services Private Limited (CD) was admitted into Corporate Insolvency Resolution Process (CIRP) on December 13, 2024, with Mr. Hansraj Jaria appointed as Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Claims were received from one unsecured financial creditor (Annu Jaiswal) and one operational creditor (Government dues), leading to the constitution of the Committee of Creditors (CoC). An initial resolution plan by Youngster Projects Private Limited was approved by the CoC but subsequently withdrawn due to medical and financial hardships, resulting in the forfeiture of its Earnest Money Deposit (EMD).
Paymark Payment Technologies & Services Private Limited (CD) was admitted into Corporate Insolvency Resolution Process (CIRP) on 13th December, 2024.
Mr. Hansraj Jaria was appointed as the Interim Resolution Professional (IRP) for the CD.
A public announcement of CIRP initiation was made on 19th December, 2024, with the last date for claims being 01st January, 2024.
Claims were received from one unsecured financial creditor and one operational creditor (Government dues).
The Committee of Creditors (CoC) was constituted on 8th January, 2025, comprising one unsecured financial creditor.
The first CoC meeting was held on 16th January, 2025, where Mr. Hansraj Jaria was confirmed as the Resolution Professional (RP) with 100% voting approval.
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Paymark Payment Technologies & Services Private…
The public announcement…
Paymark Payment Technologies & Services Private Limited (CD) was admitted into Corporate Insolvency Resolution Process (CIRP) on December 13, 2024, with Mr. Hansraj Jaria appointed as Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Claims were received from one unsecured financial creditor (Annu Jaiswal) and one operational creditor (Government dues), leading to the constitution of the Committee of Creditors (CoC). An initial resolution plan by Youngster Projects Private Limited was approved by the CoC but subsequently withdrawn due to medical and financial hardships, resulting in the forfeiture of its Earnest Money Deposit (EMD).
Paymark Payment Technologies & Services Private Limited (CD) was admitted into Corporate Insolvency Resolution Process (CIRP) on 13th December, 2024.
Mr. Hansraj Jaria was appointed as the Interim Resolution Professional (IRP) for the CD.
A public announcement of CIRP initiation was made on 19th December, 2024, with the last date for claims being 01st January, 2024.
Claims were received from one unsecured financial creditor and one operational creditor (Government dues).
The Committee of Creditors (CoC) was constituted on 8th January, 2025, comprising one unsecured financial creditor.
The first CoC meeting was held on 16th January, 2025, where Mr. Hansraj Jaria was confirmed as the Resolution Professional (RP) with 100% voting approval.
…Paymark Payment Technologies & Services Private…
The public announcement…