# In the matter of Egita Network and Media Private Limited

> NCLT judgment dated 2025-09-23. Citation: TCN-2025-NCLT-01447. The Company Petition bearing C.P. (IB) No. 127/BB/2024 was filed under Section 7 of the…

- **Court:** NCLT
- **Order date:** 23 Sept 2025
- **Citation:** TCN-2025-NCLT-01447
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/egita-network-and-media-private-limited-36c3ee8a

## Summary

### Background

The Company Petition bearing C.P. (IB) No. 127/BB/2024 was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Kordash Handlers and Logistics Private Limited to initiate Corporate Insolvency Resolution Process (CIRP) against Egita Network and Media Private Limited.

## Facts

The Company Petition bearing C.P. (IB) No. 127/BB/2024 was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.

The CIRP was initiated against Egita Network and Media Private Limited.

Mr. Sushanta Kumar Choudhury was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional.

The IRP issued Public Announcements in Form-A on 19.11.2024.

Only one claim was received from Kordash Handlers and Logistics Private Limited.

The Committee of Creditors (CoC) comprised only one member.

Two invitations for Expression of Interest (EOI) through Form-G were issued.

The CoC in its 12th meeting held on 21.06.2025 unanimously rejected the proposal for resolution being unfeasible.

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## Issues and analysis

### Issue 1: Whether the application for liquidation should be allowed based on the CoC's decision under Section …

**Ratio:** Section 33(2) of the IBC, 2016 allows the Adjudicating Authority to pass a liquidation

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**Reasoning:** The CoC unanimously decided to liquidate the Corporate Debtor as the resolution proposal

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**Interpretation:** The Adjudicating Authority is empowered to pass a liquidation order based on

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**Application:** The Adjudicating Authority allowed the application for liquidation based on the

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** Kordash Handlers…; Sushanta Kumar…; +1 more
- **Respondents:** Egita Network &…
- **Other parties:** Sanjit Kuma…

## Timeline

- **17.10.2024 — Admission o…**: The Corporate Insolvency Resolution Process (CIRP) against Egita Network and Media…
- **13.11.2024 — Confirmatio…**: Mr. Sushanta Kumar Choudhury was…

## 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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