Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09.10.2026
Case Overview
This proceeding involves a petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016 by M/s. Rightfi Technologies Pvt Ltd (CIN: U74110KA2021PTC146377), represented by its Liquidator Mr. Pramod Srihari (Registration No. IBBI/IPA-001/IP-P-02286/2021-2022/13674). The company, incorporated on 12.04.2021 in Bengaluru, sought voluntary liquidation and dissolution. The Board of Directors approved voluntary liquidation on 17.12.2025, followed by shareholder approval in an Extra-Ordinary General Meeting on 18.12.2025, which also appointed Mr. Pramod Srihari as Liquidator. The company declared it was not being liquidated to defraud any person and had filed Audited Financial Statements for FY 2023-24 and 2024-25. The Income Tax Department confirmed no outstanding TDS liabilities against the petitioner in its report filed on 25.06.2026 (Diary No. 7130). The Registrar of Companies (ROC) failed to file its report despite repeated notices.
Final Outcome
The NCLT Bench comprising Shri Sunil Kumar Aggarwal (Member Judicial) and Shri Radhakrishna Sreepada (Member Technical) allowed the petition (C.P. (IB) No.67/BB/2026) and ordered the dissolution of Rightfi Technologies Pvt Ltd. The tribunal found that the company's affairs had been completely wound up and its assets entirely liquidated. The directors are required to file an affidavit undertaking to 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 a copy of this order to ROC Bengaluru (roc.bangalore@mca.gov.in) and IBBI within fourteen days from receipt.
Topics: Corporate Dissolution, Voluntary Liquidation, Regulatory Compliance