# In the matter of Baffin Engineering Projects Ltd. IA 302-2019 in C.P. (IB) No. 395-NCLT-AHM-2018

> NCLT judgment dated 2019-07-19. Citation: TCN-2019-NCLT-02410. The case involves an application for the liquidation of the Corporate Debtor, Baffin…

- **Court:** NCLT
- **Order date:** 19 Jul 2019
- **Citation:** TCN-2019-NCLT-02410
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/baffin-engineering-projects-ltd-ia-302-2019-in-cp-ib-no-395-nclt-ahm-2018-0f16e101

## Summary

### Background

The case involves an application for the liquidation of the Corporate Debtor, Baffin Engineering Projects Limited. The CIRP was initiated based on a petition filed by Uniworld Telecom Limited under Section 7 of the Insolvency & Bankruptcy Code. The COC resolved to recommend liquidation as no resolution plan was received.

## Facts

Uniworld Telecom Limited filed a petition under Section 7 of the Insolvency & Bankruptcy Code, leading to the initiation of CIRP for Baffin Engineering Projects Limited. The COC, in its meeting on 2019-04-02, resolved to recommend liquidation due to the absence of any resolution plan. The COC's decision was supported by 100% of its members. The Adjudicating Authority considered the application for liquidation and the records annexed, ultimately deciding to allow the application and appoint the resolution professional as liquidator.

## Issues and analysis

### Issue 1: Whether the application for liquidation of the Corporate Debtor, Baffin Engineering Projects …

**Ratio:** The Adjudicating Authority may allow the application for liquidation when the COC has

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**Reasoning:** The court reasoned that since no resolution plan was received and the COC unanimously

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**Interpretation:** This interprets the provisions of the Insolvency and Bankruptcy Code, allowing

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**Application:** The ratio and reasoning are applied to the specific facts of the case, where no

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## Parties

- **Judges:** Harihar Prakash…; Manorama…
- **Respondents:** Baffin Engineering…
- **Advocates:** J. Ga…; Sangita R.…

## Timeline

- **2019-07-19 — Order Da…**: The Adjudicating Authority passed an order for the liquidation of Baffin Engineering…
- **2019-04-02 — COC Meet…**: The COC resolved to recommend liquidation…

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