# In the matter of Sevenn Protective Fabrics Private Limited

> NCLT judgment dated 2025-08-13. Citation: TCN-2025-NCLT-01223. The case pertains to an Interlocutory Application filed by the Resolution Professional under…

- **Court:** NCLT
- **Order date:** 13 Aug 2025
- **Citation:** TCN-2025-NCLT-01223
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/sevenn-protective-fabrics-private-limited-1dc89c65

## Summary

### Background

The case pertains to an Interlocutory Application filed by the Resolution Professional under Section 33 & 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Sevenn Protective Fabrics Private Limited.

## Facts

The Corporate Debtor, Sevenn Protective Fabrics Private Limited, was admitted into CIRP on 11.07.2024 based on an application by Operational Creditor M/s. Sumanju Projects & Services Limited.

Mr. Rajendra Sanghi was initially appointed as the Interim Resolution Professional (IRP).

SIDBI, a financial creditor, filed an application for the replacement of IRP Mr. Rajendra Sanghi with Mr. Sunil Kumar Agarwal, which was allowed on 18.09.2024.

The Committee of Creditors (CoC) included SIDBI Bank and Cosmos Bank.

Despite efforts, no resolution plan was received by the deadline of 23.12.2024.

The CoC unanimously resolved to liquidate the Corporate Debtor in its 8th meeting on 01.03.2025.

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## Issues and analysis

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

**Ratio:** Section 33 of the IBC, 2016, allows for the liquidation of a corporate debtor if no

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**Reasoning:** The CoC unanimously resolved for liquidation as no resolution plan was received despite

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**Interpretation:** The absence of a resolution plan and the CoC's decision indicate that

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**Application:** The Adjudicating Authority applied Section 33 of the IBC, 2016, and ordered the

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Sunil Kumar…
- **Respondents:** Sevenn Protective…
- **Other parties:** SIDBI…; Cosmos…; +3 more
- **Advocates:** Nipun Si…

## Timeline

- **11.07.2024 — Admission in…**: Corporate Debtor admitted into Corporate…
- **2024-07-20 — Public Annou…**: IRP made public announcement and…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33 — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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