# In the matter of Digitone Mobiles Private Limited

> NCLT judgment dated 2025-07-17. Citation: TCN-2025-NCLT-00787. The case pertains to an application filed by the Resolution Professional, Mr. Ankush Munjal,…

- **Court:** NCLT
- **Order date:** 17 Jul 2025
- **Citation:** TCN-2025-NCLT-00787
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/digitone-mobiles-private-limited-0406b3c9

## Summary

### Background

The case pertains to an application filed by the Resolution Professional, Mr. Ankush Munjal, under Section 33 of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the Corporate Debtor, Digitone Mobiles Private Limited.

## Facts

The Adjudicating Authority admitted the petition filed by the Corporate Debtor under section 10 of the Code for initiation of Corporate Insolvency Resolution Process (CIRP) on 05.07.2024.

Mr. Ankush Munjal was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.

The IRP made a public announcement in Form A on 08.07.2024 in two newspapers, namely Financial Express (English) and Jansatta (Hindi).

The IRP received nine claims from the Operational Creditors and none from the Financial Creditors of the Corporate Debtor.

The IRP constituted the Committee of Creditors (CoC) comprising of Operational Creditors only on 26.07.2024.

The 4th CoC meeting held on 28.10.2024, the CoC, with 63.54% voting share in favour, approved the exclusion of 50 days.

…

## Issues and analysis

### Issue 1: Whether the application for liquidation under Section 33 of the Insolvency and Bankruptcy Code, …

**Ratio:** Section 33(2) of the

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**Reasoning:** The CoC approved the liquidation with the requisite majority, and there were no viable

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**Interpretation:** The NCLT interpreted Section 33(2) to allow liquidation when the CoC approves

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**Application:** The NCLT applied Section 33(2) and

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Ankush M…
- **Respondents:** Digitone Mobiles…
- **Other parties:** Parveen Mittal &…; Nikunj Aggarwal &…; +8 more
- **Advocates:** Sumit S…

## Timeline

- **2024-12-28 — Application…**: Application filed by Mr. Ankush Munjal, Resolution Professional of M/s Digitone Mobiles…
- **2024-07-05 — CIRP Init…**: Adjudicating Authority admitted the Petition filed by the Corporate Debtor under section…

## 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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