# In the matter of Envivo Designs Private Limited

> NCLT judgment dated 2025-06-11. Citation: TCN-2025-NCLT-00918. The case pertains to a petition filed under Section 59 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 11 Jun 2025
- **Citation:** TCN-2025-NCLT-00918
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/envivo-designs-private-limited-68c033ca

## Summary

### Background

The case pertains to a petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation of Envivo Designs Private Limited.

## Facts

Envivo Designs Private Limited, incorporated under the Companies Act, 1956, filed for voluntary liquidation.

The Board of Directors passed a resolution on 24.03.2021 for voluntary liquidation and appointed a Liquidator.

A declaration of solvency was provided by the Directors and filed with the ROC on 06.04.2021.

An extra-ordinary general meeting (EGM) was held on 30.03.2021, where a special resolution for voluntary winding up was passed.

Mr. Anurag Gupta was initially appointed as the liquidator but passed away.

Mr. Suman Kumar Verma was appointed as the new liquidator.

The Liquidator made a public announcement on 05.04.2021 to invite claims from stakeholders.

…

## Issues and analysis

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

**Ratio:** Based on the examination of the Petition, documents annexed therewith and the submissions

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

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**Interpretation:** This indicates that the voluntary liquidation process has been completed

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**Application:** The Tribunal applied this finding to justify the dissolution of the Corporate

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## Parties

- **Judges:** Harnam Singh…; SHISHIR A…
- **Appellants:** Suman Kumar…
- **Respondents:** Envivo Designs…
- **Other parties:** Ashcharya Lal…; Lajwanti Ashcharya…; +1 more
- **Advocates:** Mohit Cha…; SK. V…

## Timeline

- **2021-03-24 — Board Reso…**: Board of Directors passed a resolution for filing the Declaration of Solvency for…
- **2021-03-30 — EGM Meet…**: An extra-ordinary general meeting (EGM) of the shareholders was convened to consider the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 138 — Discharge order](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-138)

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