# In the matter of Anil Life Science Ltd. & Ors. IA 174-2019 in C.P. (IB) No. 81 & 116-NCLT-AHM-2018 > NCLT judgment dated 2019-08-02. Citation: TCN-2019-NCLT-02134. The application was filed under sections 33(1), 33(2), and 34(1) of the Insolvency and… - **Court:** NCLT - **Order date:** 2 Aug 2019 - **Citation:** TCN-2019-NCLT-02134 - **Category:** IBC - **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/anil-life-science-ltd-ors-ia-174-2019-in-cp-ib-no-81-116-nclt-ahm-2018-6dd8a80e ## Summary ### Background The application was filed under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the corporate debtor after the Corporate Insolvency Resolution Process (CIRP) period expired without a resolution plan. ## Facts The Adjudicating Authority initiated the Corporate Insolvency Resolution Process ( CIRP ) against M/s Anil Life Sciences Limited on September 12, 2018, based on a petition filed by operational creditors Mr. Ritesh K.V.K Suchak and M/s Ashish Rice Mill under section 9 of the IB Code. An Interim Resolution Professional (IRP) was appointed at that time. Following the IRP's appointment, a public announcement was made on October 6, 2018, in various newspapers, including "DNA," "Jai Hind" (Ahmedabad edition), "Economic Times," and "Pradesh Today" (MP Edition). In the second meeting on December 10, 2018, the Committee of Creditors (COC) resolved to invite Expression of Interest ( EOI ) in Form G, which … ## Issues and analysis ### Issue 1: Whether the Corporate Debtor, M/s Anil Life Sciences Limited, should be ordered for liquidation … **Ratio:** When the CIRP period expires without a resolution plan and the Committee of Creditors … **Reasoning:** The CIRP period of 180 days had expired without any resolution plan being received after … **Interpretation:** The court interpreted sections 33(1), 33(2), and 34(1) of the IB Code to mean … **Application:** Given that the CIRP period for M/s Anil Life Sciences Limited had expired, no … ## Parties - **Judges:** Manorama…; Chockalingam… - **Appellants:** NATASNA CHRUMAN…; Parthiv Parikh RP… - **Respondents:** Anil Life Science…; COC of Anil Life…; +1 more - **Advocates:** For the applicant:…; Arjun Sheth… ## Timeline - **September 12, 2018 — CIRP Commen…**: The Corporate Insolvency Resolution Process (CIRP) commenced against M/s Anil Life… - **October 6, 2018 — Public Announcement by…**: The Interim Resolution Professional (IRP)… ## Legal provisions - [Insolvency and Bankruptcy Code, 2016, Section 33(1) — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33) --- This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/anil-life-science-ltd-ors-ia-174-2019-in-cp-ib-no-81-116-nclt-ahm-2018-6dd8a80e