# Numans Technologies Pvt. Ltd. vs. NCLT, Bengaluru Bench

> NCLT judgment dated 30 Mar 2026. Citation: TCN-2026-NCLT-00424. Numans Technologies Pvt. Ltd., a Non-Government Organisation incorporated on 14.12.2021 in…

- **Court:** NCLT
- **Order date:** 30 Mar 2026
- **Citation:** TCN-2026-NCLT-00424
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/numans-technologies-pvt-ltd-vs-nclt-bengaluru-bench-t3f22

## Summary

### Background

Numans Technologies Pvt. Ltd., a Non-Government Organisation incorporated on 14.12.2021 in Bengaluru, decided to undergo voluntary liquidation. The Board of Directors passed a resolution on 28.09.2024, followed by a Declaration of Solvency and a Special Resolution on 01.10.2024, appointing Sri. Pramod Srihari as Liquidator. The company declared that the liquidation was not intended to defraud any person. Audited Financial Statements for FY 2023 and 2024 were filed.

## Facts

Numans Technologies Pvt. Ltd. was incorporated on 14.12.2021 as a Non-Government Organisation in Bengaluru, Karnataka.

The Board of Directors of Numans Technologies Pvt. Ltd. decided to voluntarily liquidate the company at their meeting held on 28.09.2024.

A Declaration of Solvency was executed by the company on 01.10.2024.

The Applicant declared that the company is not being liquidated to defraud any person.

A Special Resolution to liquidate the company voluntarily was passed on 01.10.2024.

Sri. Pramod Srihari was appointed as Liquidator on 01.10.2024.

Audited Financial Statements for the Financial Years 31.03.2023 and 31.03.2024 along with the Auditor's Report were filed.

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## Issues and analysis

### Issue 1: Whether NUMANS TECHNOLOGIES PVT. LTD. is eligible for dissolution under Section 59(8) of the …

**Ratio:** A company that has undergone a voluntary liquidation process, satisfied all statutory

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**Reasoning:** The NCLT found that NUMANS TECHNOLOGIES PVT. LTD. had duly completed all necessary steps

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**Interpretation:** Section 59(8) of the IBC, 2016, grants the Adjudicating Authority (NCLT) the

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**Application:** Given that NUMANS TECHNOLOGIES PVT. LTD. had meticulously followed the

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** NUMANS TECHNOLOGIE…
- **Other parties:** Voluntary…; Dissolu…; +4 more

## Timeline

- **14.12.2021 — Company Incor…**: Numans Technologies Pvt. Ltd. was incorporated as a Non-Government Organisation in…
- **28.09.2024 — Board Decision for…**: The Board of Directors of the Applicant…

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