NCLT orders dissolution after liquidation, seeks ₹52.84 lakh recovery
In short
NCLT ordered a company to be dissolved after liquidation was completed. It also directed recovery of ₹52.84 lakh in preferential payments, with 10% annual interest.
The order means the liquidation process has moved to closure. The reporting does not say who paid the money or who will receive it.
What the reporting says
NCLT ordered the dissolution of a corporate debtor after its liquidation was completed and directed recovery of ₹52.84 lakh in preferential payments, according to a publisher-supplied summary. The reported order also mentions 10% annual interest on the amount. The immediate consequence is dissolution of the entity, while the underlying parties and full case details are not stated in the available reporting.
Why it matters
NCLT ordered dissolution after the corporate debtor’s liquidation was completed and directed recovery of ₹52.84 lakh in preferential payments, with 10% annual interest, according to the summary. The decision affects the company’s liquidation outcome and any parties linked to the preferential payments. The reporting does not state the debtor’s name, the creditors involved, or why the preferential payments were found.