# In the matter of VAASUDEVA MILK FOODS PRIVATE LIMITED

> NCLT judgment dated 2026-04-22. Citation: TCN-2026-NCLT-00439. An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by…

- **Court:** NCLT
- **Order date:** 22 Apr 2026
- **Citation:** TCN-2026-NCLT-00439
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-amaravati/vaasudeva-milk-foods-private-limited-e84da90b

## Summary

### Background

An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by Amar Dairy (Operational Creditor) against Vaasudeva Milk Foods Pvt Ltd (Corporate Debtor). The Tribunal had previously issued a Bailable Warrant against the Operational Creditor on 07.01.2026, which remained unexecuted despite communication to the Special Inspector General of Police, Nasik range, Maharashtra.

## Facts

An application was filed under Section 9 of the IBC, 2016, by Amar Dairy (Operational Creditor) against Vaasudeva Milk Foods Pvt Ltd (Corporate Debtor).

The Tribunal had issued a Bailable Warrant against the Operational Creditor via an order dated 07.01.2026, and communicated it to the Special Inspector General of Police, Nasik range, Maharashtra.

As of the hearing on 22.04.2026, no response had been received from the Maharashtra Police regarding the execution of the Bailable Warrant.

The Tribunal decided to send a request to the Director General of Police, Maharashtra, along with copies of orders dated 07.01.2026 and 02.03.2026 and the Bailable Warrant, for necessary action.

…

## Issues and analysis

### Issue 1: Whether the proposed Resolution Professional, Mr. Atkuru Sai Prasad, is eligible and suitable for …

**Ratio:** A Resolution Professional proposed by a Financial Creditor, whose eligibility and valid

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**Reasoning:** The Financial Creditor proposed Mr. Atkuru Sai Prasad, who submitted his consent in

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**Interpretation:** The NCLT relies on a combination of the proposed RP's declaration and

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**Application:** Based on the verification of his credentials and valid AFA, Mr. Atkuru Sai

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## Parties

- **Judges:** Rammurti Ku…; UMESH KUMAR…
- **Appellants:** Amar D…
- **Respondents:** Vaasudeva Milk…
- **Other parties:** Committee of…; Amara…; +2 more
- **Advocates:** G.P. Yash V…; L. Ku…

## Timeline

- **2026-01-07 — Bailable Warra…**: The Tribunal issued a Bailable Warrant…
- **2026-03-02 — Previous Ord…**: Date of a previous order related to the Bailable Warrant, copies of which are to be sent…

## 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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