# In the matter of VSK Holdings Private Limited

> NCLT judgment dated 2025-06-26. Citation: TCN-2025-NCLT-00868. The case pertains to an application filed under Section 59 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 26 Jun 2025
- **Citation:** TCN-2025-NCLT-00868
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/vsk-holdings-private-limited-90435098

## Summary

### Background

The case pertains to an application filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of VSK Holdings Private Limited through voluntary liquidation.

## Facts

The Applicant Company, VSK Holdings Private Limited, was incorporated on 11.06.2012 in Bengaluru, Karnataka.

The Board of Directors of the Applicant decided to voluntarily liquidate the Applicant on 15.06.2020 and executed a Declaration of Solvency.

A Special Resolution to liquidate the Company voluntarily was passed on 24.06.2020, and Shri C. Dwarakanath was appointed as Liquidator.

The commencement of liquidation and appointment of liquidator was intimated to the Registrar of Companies and the IBBI.

The Liquidator made a Public Announcement of commencement of liquidation in Form A in 'Business Standard' and 'Kannada Prabha' on 25.06.2020.

No claims were received by the Applicant except from the shareholders and the promoters of the Company.

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## Issues and analysis

### Issue 1: Whether the affairs of the Applicant Company have been completely wound up and its assets have been …

**Ratio:** The Tribunal examined the submissions and

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**Reasoning:** The Tribunal found that the affairs of the Applicant have been completely wound up and

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**Interpretation:** This indicates that the company has completed the liquidation process as per

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**Application:** This finding supports the

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** VSK Holdings Pvt.…
- **Respondents:** VSK Holdings…
- **Other parties:** C. Dwarak…; Late Mr. Vikram…; +2 more

## Timeline

- **2012-06-11 — Incorpor…**: The Applicant Company was incorporated on…
- **2020-06-15 — Decision to Voluntarily…**: The Board of Directors decided to voluntarily liquidate the Applicant and executed a…

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