Payism Technologies Dissolution Recall Application Dismissed

NCLT Hyderabad dismissed promoter Uday Kumar Pallepangi's application seeking recall of Payism Technologies' dissolution order dated 19.02.2025.
Applicant alleged Resolution Professional and Liquidator failed to value diverted digital assets worth ₹1,800 crore and secure bank balances.
Tribunal found no fraud or suppression of facts, noting creditor non-cooperation constrained professionals' actions during CIRP and liquidation.
Corporate Debtor remains dissolved as restoration requires fraud/jurisdictional error, which weren't established in this case.