The Delhi Bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of cross-border payments company Paysend India Private Limited after finding that its affairs had been completely wound up and its assets fully liquidated
The order was passed by the bench of Acting President Bachu Venkat Balaram Das and Technical Member Yogendra Kumar Singh.
Paysend India Private Limited was incorporated on July 25, 2022 as a private limited company with its registered office at Nehru Place, South Delhi. The company operated in money transfers, remittances, merchant acquiring, prepaid payment instruments, and multi‑currency digital wallets.
The company had an authorized share capital of Rs 5.01 crore and paid‑up capital of Rs 1…