Neo Aid Communications Dissolution Order by NCLT Jaipur

NCLT Jaipur orders dissolution of Neo Aid Communications (India) Pvt. Ltd. following a completed liquidation process.
Liquidator realized Rs. 18.17 lakh from asset sales and a recovery from Tata Teleservices, distributing it to creditors as per IBC waterfall.
The liquidation process, initiated in January 2019, faced delays and criticism from the tribunal for exceeding statutory timelines.
The order discharges the liquidator and directs the company's dissolution from the date of the order.