Intelligence note
Admitted to insolvency on 13 Dec 2024 by the Kolkata bench, on a petition by Annu Jaiswal (a financial creditor). The admission order states the default at Rs 1.49 Cr. A resolution plan was approved on 08 Sep 2026, 634 days after admission (median for resolved cases: 631 days).
Case details
CIN
U72501WB2019PTC232619
Incorporated
2019
Registered State
West Bengal
NCLT Bench
Kolkata
Petition
CP(IB) No. 121/KB/2024
Initiated by
FC — Annu Jaiswal
Amount in Default (per admission order)
Rs 1.49 Cr
Commencement
13 Dec 2024
Outcome Date
08 Sep 2026
NCLT Kolkata: median 440 days admission → verdict · 34% of concluded matters ended in plan approval (n=531, full record) · all benches →
Recent movement
03 Mar 2025
Expressions of interest invited
RP: Mr. Hansraj Jaria
03 Mar 2025
EoI window closed
EoI window closed | 1 round held
08 Sep 2026
Resolution plan approved
EoI / Form-G detail
Plan submission by
18 Mar 2025
Case timeline
13 Dec 2024
CIRP commenced
Insolvency proceedings began · NCLT Kolkata
03 Mar 2025
Expressions of interest invited
RP: Mr. Hansraj Jaria
03 Mar 2025
EoI window closed
EoI window closed | 1 round held
08 Sep 2026
Resolution plan approved
1 year 8 months elapsed · admission → resolution
Company
Legal name
PAYMARK PAYMENT TECHNOLOGIES & SERVICES PRIVATE LIMITED
Type
Private · Company limited by shares
Listing
Unlisted
Incorporated
25 Jun 2019
Authorised capital
Rs 9.00 Cr
Paid-up capital
Rs 3.76 Cr
Industry (MCA)
Business Services
ROC
ROC Kolkata
Company status
Under CIRP
Registered address
73/28 GOLF CLUB ROAD LP 85/3/0,KOLKATA,Kolkata,West Bengal,700033-India
Claims filing history
| Creditor class | Claimed | Admitted | Admitted % |
|---|---|---|---|
| Operational creditors | Rs 0.02 L | Rs 0.02 L | 100% |
v3 · latest
as on 09 Oct 2025 · filed by Mr. Hansraj Jaria
v2
as on 07 Mar 2025 · filed by Mr. Hansraj Jaria
v1
as on 08 Jan 2025 · filed by Mr. Hansraj Jaria
Sources, basis and disclaimers → ·
report an error
This case vs IT, Telecom & Media
Time to resolution634 days
typical for this sector 530 days · median of 30
Key parties
Resolution Professional
5 IBBI mandates · 44% of liquidation value realised across concluded work
IRP at commencement
Hansraj Jaria → · Dec 2024
CIRP initiated by
Annu Jaiswal FC
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