https://www.taxtmi.com/news?id=70821 Winding up of the Delhi Financial Corporation was ordered under Section 45 of the State Financial Corporations Act effective February 6, 2026; all operations, including fresh loan sanctioning, are ceased. A nine-member committee led by the state finance secretary is vested with board powers to take custody of assets and records, realise dues, pursue recoveries, settle statutory liabilities including amounts owed to the government, transfer or dispose of assets, manage employee redeployment and terminal benefits under applicable rules, and handle all pending legal proceedings, with final dissolution to follow upon completion of winding-up. en-us Tue, 10 Feb 2026 18:16:04 +0530 Tue, 10 Feb 2026 18:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70821 Winding up of the Delhi Financial Corporation was ordered under Section 45 of the State Financial Corporations Act effective February 6, 2026; all operations, including fresh loan sanctioning, are ceased. A nine-member committee led by the state finance secretary is vested with board powers to take custody of assets and records, realise dues, pursue recoveries, settle statutory liabilities including amounts owed to the government, transfer or dispose of assets, manage employee redeployment and terminal benefits under applicable rules, and handle all pending legal proceedings, with final dissolution to follow upon completion of winding-up. News - Tue, 10 Feb 2026 18:16:04 +0530 https://www.taxtmi.com/news?id=70821