# In the matter of BLIZZARD CERAMICA LLP

> NCLT judgment dated 2026-03-17. Citation: TCN-2026-NCLT-00238. The application was filed by the Applicant/Resolution Professional under Sections 33 and 60(5)…

- **Court:** NCLT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLT-00238
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/blizzard-ceramica-llp-a4bda09d

## Summary

### Background

The application was filed by the Applicant/Resolution Professional under Sections 33 and 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking liquidation of the Corporate Debtor, M/s Blizzard Ceramica LLP, and appointment of a Liquidator.

## Facts

The Corporate Debtor was admitted into CIRP vide order dated 28.04.2025 in CP (IB) No. 283 of 2024 under Section 9 of the Code.

The CIRP period was extended vide order dated 13.05.2025 in IA No. 624 of 2025.

A Resolution Plan was received and considered in the 7th, 8th, and 9th meetings of the CoC but was rejected with 100% voting share.

The CoC resolved to liquidate the Corporate Debtor with 100% voting share in the 9th CoC meeting held on 30.12.2025.

No resolution plan has been approved under Section 31 of the Code within the CIRP period.

The Adjudicating Authority appointed Mr. Rajender Pal Chandel as the Liquidator of the Corporate Debtor.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be …

**Ratio:** The commercial wisdom of the CoC is non-justiciable, except to the limited extent of

…

**Reasoning:** The CoC resolved to liquidate the Corporate Debtor with 100% voting share, and no

…

**Interpretation:** The Adjudicating Authority defers to the CoC's decision to liquidate the

…

**Application:** The Corporate Debtor, M/s Blizzard Ceramica LLP, is ordered to be liquidated in

…

## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Vidres India…
- **Respondents:** Blizzard Ceramica…
- **Other parties:** Punjab National…; Rajender Pal…; +1 more
- **Advocates:** Kamil Lokha…; Nimai Gauta…

## Timeline

- **2025-04-28 — Admission in…**: Corporate Debtor admitted into CIRP…
- **2025-05-13 — CIRP Exte…**: CIRP period extended vide…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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