# In the matter of Bava Infrastructure Developers Private Limited

> NCLT judgment dated 2025-06-10. Citation: TCN-2025-NCLT-01067. The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s…

- **Court:** NCLT
- **Order date:** 10 Jun 2025
- **Citation:** TCN-2025-NCLT-01067
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/bava-infrastructure-developers-private-limited-074a1f78

## Summary

### Background

The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Bava Infrastructure Developers Pvt Ltd. Canara Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional (RP) was appointed and a public announcement was made to invite claims from stakeholders.

## Facts

Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Bava Infrastructure Developers Pvt Ltd vide order dated 20.06.2024.

Shri Madhugiri Venkatarayappa Sudarshan was appointed as the Interim Resolution Professional.

Public announcement was made on 23.06.2024 inviting claims from stakeholders.

Claims were received from Canara Bank (Rs. 53,74,27,294) and Mangalore Catholic Co-operative Bank Limited (Rs. 28,88,631).

The Committee of Creditors (CoC) was formed with Canara Bank and Mangalore Catholic Co-operative Bank Limited as members.

The Resolution Professional found that the Corporate Debtor had minimal assets and no operative bank accounts.

The CoC approved the dissolution of the Corporate Debtor with a 99.47% voting share on 13.09.2024.

…

## Issues and analysis

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

**Ratio:** Section 54 of the Insolvency and Bankruptcy Code, 2016, allows for the dissolution of a

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**Reasoning:** The Resolution Professional's report and the Compliance Certificate indicated that there

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**Interpretation:** The Adjudicating Authority interpreted Section 54 to allow for dissolution in

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**Application:** The Adjudicating Authority applied Section 54 and allowed the dissolution of

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** Canara…; Madhugiri…
- **Respondents:** M/s Bava Infrastru…
- **Other parties:** Mangalore…; Hemanth…
- **Advocates:** Ms Th…

## Timeline

- **2024-06-20 — Initiation…**: Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Bava…
- **2024-06-23 — Public Annou…**: Public announcement was made…

## 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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