The National Company Law Tribunal (NCLT) at Bengaluru has ordered the dissolution of Groww AA Private Limited, a company promoted by the founders of the online investment platform Groww. This comes after the company filed a plea for voluntary liquidation, completed all required legal and financial formalities, and distributed its assets to shareholders.
The fintech platform Groww (Billionbrains Garage Ventures Ltd), founded in 2016, has opened its Initial Public Offering today.
In an order passed on October 13, a bench of Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada observed that the company has completely liquidated its assets and deserves to be dissolved.
Groww AA Private Limited was incorporated on November 18,…