Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09.10.2026
Case Overview
The petition was filed by Westbridge Capital India Advisors Private Limited through its liquidator, Mr. Ganesh P Pai, under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the company. The company was incorporated on 23.02.2011 in Bengaluru (CIN: U65191KA2011PTC057224). The Board of Directors decided to voluntarily liquidate the company on 05.01.2023 and executed a Declaration of Solvency on 27.01.2023, declaring that the liquidation was not to defraud any person. An Extra-ordinary General Meeting held on 30.01.2023 appointed Mr. Ganesh Panduranga Pai as liquidator. The company completed all regulatory compliances under the IBBI (Voluntary Liquidation Process) Regulations, 2017, including: commencement of liquidation on 30.01.2023, intimation to ROC (MGT-14 on 09.03.2023 and GNL-2 on 04.07.2023), preliminary report to the company on 13.03.2023, public announcement on 02.02.2023, stakeholders list on 10.05.2023, liquidation account on 24.12.2025, and final report to ROC and IBBI on 20.01.2026. The Income Tax Department initially had an outstanding TDS due of Rs. 10, which was paid as confirmed on 21.08.2026. The Registrar of Companies did not file its report despite being served notice on 24.04.2026.
Final Outcome
The NCLT allowed the petition and ordered the dissolution of Westbridge Capital India Advisors Private Limited under Section 59(7) of IBC, 2016. The directors are required to file an affidavit stating they will meet any future legal liabilities against the company. The liquidator is directed to inform the Income Tax and GST Departments about the dissolution and surrender the PAN number and GSTIN to respective offices. The registry and liquidator must serve copies of the order to ROC Bengaluru (roc.bangalore@mca.gov.in) and IBBI within fourteen days.
Topics: Corporate Dissolution, Voluntary Liquidation, Regulatory Compliance