The National Company Law Tribunal (NCLT) at Delhi has recently ordered the dissolution of Neemsar Vyapaar Private Limited after finding no impediment to doing so, even though a GST demand of ₹100. 20 crore had been raised against the company during the liquidation process.
A bench of Judicial Member Bachu Venkat Balaram Das and Technical Member Ravindra Chaturvedi observed that there was no impediment to dissolution, clarifying that proceedings could continue against persons concerned with the company.
“In view of the above facts and circumstances, there is no impediment to the Corporate Debtor being dissolved, this Adjudicating Authority finds that it would be just and proper to order the dissolution of the Corporate Debtor.”
The…