# In the matter of Royaloak Furniture India LLP

> NCLT judgment dated 2025-06-11. Citation: TCN-2025-NCLT-00912. The case involves multiple I.A.s (30, 248, 53, 282/2025) in C.P.(IB)No.36/BB/2021 before the…

- **Court:** NCLT
- **Order date:** 11 Jun 2025
- **Citation:** TCN-2025-NCLT-00912
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/royaloak-furniture-india-llp-aa26fd17

## Summary

### Background

The case involves multiple I.A.s (30, 248, 53, 282/2025) in C.P.(IB)No.36/BB/2021 before the NCLT Bengaluru Bench.

## Facts

I.A.Nos.30 & 53/2025 are Quarter Progress Reports submitted by the Liquidator for the period from 03.09.2024 to 31.12.2024 and 01.01.2025 to 31.03.2025.

I.A. (IBC) No.248/2025 is an application filed by the Applicant seeking directions to sell the assets of the Corporate Debtor through a private sale process.

The private sale process was recommended by SCC.

No bids were received pursuant to the auction notice issued in the newspaper.

The court allowed the disposal of assets by private sale at the reserved price as per the valuation report.

I.A.No.282/2025 involves the Applicant and the Liquidator.

The Liquidator was granted three weeks to file a reply in I.A.No.282/2025.

The Applicant was granted one week after the Liquidator's reply to file a rejoinder in I.A.No.282/2025.

…

## Issues and analysis

### Issue 1: Whether the assets of the Corporate Debtor …

**Ratio:** To save the value of assets of the Corporate

…

**Reasoning:** No bids were received pursuant to the

…

**Interpretation:** The court interpreted that a private sale would be the most effective way to

…

**Application:** The court allowed the disposal of assets by private sale by keeping their

…

## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** M/s. Royal Oak…
- **Other parties:** C.S.Raghu…

## Timeline

- **2025-06-11 — Order delive…**: Order was delivered on…
- **2024-09-03 — Quarter Progress Report…**: Start date of the period covered…

## 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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