The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of Newgen Payment Gateway Private Limited, a company that provided payment processing services for credit cards, debit cards and bill payments.
The bench found that the company’s voluntary liquidation had been completed and all liabilities had been settled.
The order was passed by Judicial Member Justice Jyotsna Sharma and Technical Member Anu Jagmohan Singh.
Explaining why the company could be dissolved, the bench observed, “It appears that the affairs of the Applicant Company have been completely wound up and its assets have been completely liquidated, and no liabilities have been left unsatisfied.”
Newgen Payment Gateway was incorporated on…