# In the matter of Homigo Realty Private Limited

> NCLT judgment dated 2025-07-31. Citation: TCN-2025-NCLT-01195. The application was filed on 15.07.2025 on behalf of the Corporate Debtor, M/s Homigo Realty…

- **Court:** NCLT
- **Order date:** 31 Jul 2025
- **Citation:** TCN-2025-NCLT-01195
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/homigo-realty-private-limited-2396df6a

## Summary

### Background

The application was filed on 15.07.2025 on behalf of the Corporate Debtor, M/s Homigo Realty Private Limited, through its Resolution Professional, Venkatraman Jayagopal, under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking dissolution of the corporate debtor.

## Facts

Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 22.02.2023.

Shri Venkatraman Jayagopal was appointed as the Interim Resolution Professional.

The Interim Resolution Professional published a public announcement on 16.03.2023.

The Committee of Creditors (CoC) was constituted on 11.04.2023.

The Applicant was appointed as the Resolution Professional by the CoC on 13.04.2023.

The CoC resolved that the Expression of Interest in Form-G was not required as the Corporate Debtor did not have any tangible, intangible, and current assets.

The CoC resolved to file an application under Section 33(2) of the IBC, 2016, for the Liquidation of the Corporate Debtor.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be dissolved under Section 54 of the Insolvency and Bankruptcy …

**Ratio:** Section 54 of the Code read with Regulation

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**Reasoning:** The assets of the corporate debtor have been completely liquidated, and the Resolution

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**Interpretation:** Section 54 allows for the dissolution of a corporate debtor when its assets

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**Application:** The Adjudicating Authority ordered that the corporate debtor be dissolved

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** M/s. Homigo…
- **Respondents:** M/s Homigo Realty…
- **Other parties:** Venkatraman…; Mr, Venkataraman…

## Timeline

- **2022-02-22 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP)…
- **2023-03-16 — Public Annou…**: The Interim Resolution Professional…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 10 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-10)

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