# In the matter of SWISS RIBBONS PRIVATE LIMITED

> NCLT judgment dated 2026-01-20. Citation: TCN-2026-NCLT-00024. The application IA/55(AHM)2026 was filed by the financial creditor under Reg 15 of IBBI 2016,…

- **Court:** NCLT
- **Order date:** 20 Jan 2026
- **Citation:** TCN-2026-NCLT-00024
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/swiss-ribbons-private-limited-6f0fcac8

## Summary

### Background

The application IA/55(AHM)2026 was filed by the financial creditor under Reg 15 of IBBI 2016, seeking the discharge of Mr. George Samuel, the erstwhile Liquidator who has demised, and the appointment of Mr. Nandish Sunilbhai Vin as Liquidator.

## Facts

Mr. George Samuel, the erstwhile Liquidator, has demised.

The application seeks to appoint Mr. Nandish Sunilbhai Vin as Liquidator in place of Mr. George Samuel.

The application is filed in compliance with an order dated 17.11.2025 in IA 546 of 2022 in CP IB 30 of 2018.

The members of the SCC consented to the application via email.

## Issues and analysis

### Issue 1: Whether the application for discharging the erstwhile Liquidator and appointing a new Liquidator …

**Ratio:** The application is filed by the financial creditor under Reg 15 of IBBI 2016 and is in

…

**Reasoning:** The demise of the previous Liquidator necessitates the appointment of a new Liquidator to

…

**Interpretation:** The tribunal interprets the IBBI regulations and previous orders to allow for

…

**Application:** The tribunal applies the regulations and previous orders to allow the

…

## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Small Industries…
- **Respondents:** SWISS RIBBONS…
- **Other parties:** George S…; Nandish Sunilbhai…
- **Advocates:** Vishal…

## Timeline

- **2026-01-20 — Order Del…**: Order delivered on 20/01/2026…
- **2025-11-17 — Previous…**: Order dated 17.11.2025 in IA 546…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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