The National Company Law Tribunal at Bengaluru on Friday ordered the dissolution of Sezzle Payments Private Limited following completion of its voluntary liquidation process under Section 59 of the Insolvency and Bankruptcy Code, 2016.
A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada held:
“On examination of the submissions and documents filed with the Petition, it is apparent that the affairs of the Petitioner have been completely wound up and its assets have been entirely liquidated and as such the Applicant Company deserves to be dissolved. Accordingly, in exercise of the powers conferred under Section 59 of IBC, 2016, M/S. SEZZLE PAYMENTS PRIVATE LIMITED, is hereby dissolved”
Sezzle…