# In the matter of Gokul Granites Private Limited CP (IB)-117(CHE)-2022

> NCLT judgment dated 13 Sept 2022. Citation: TCN-2022-NCLT-01079. The Liquidator filed a Company Petition under Section 59(7) of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 13 Sept 2022
- **Citation:** TCN-2022-NCLT-01079
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/gokul-granites-private-limited-cp-ib-117che-2022-0f4f31b6

## Summary

### Background

The Liquidator filed a Company Petition under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking an order to dissolve M/s. Gokul Granites Private Limited following its voluntary liquidation.

## Facts

The Liquidator of M/s. Gokul Granites Private Limited filed a Company Petition, CP (IB)/117(CHE)/2022, under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The petition sought an order from the National Company Law Tribunal (NCLT) to dissolve the company, which was undergoing voluntary liquidation. The NCLT Special Bench – I, Chennai, heard the submissions from the counsel representing the applicant.

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## Issues and analysis

### Issue 1: Whether the Company Petition for dissolution can be processed without the mandatory 'Form-H' as…

**Ratio:** An application for dissolution under Section 59(7) of the IBC, 2016, must be accompanied…

**Reasoning:** The Tribunal found that 'Form-H' was a mandatory compliance under Regulation 38(3) of the…

**Interpretation:** The court interpreted Regulation 38(3) as a strict requirement for the…

**Application:** Since the applicant failed to submit the mandatory 'Form-H', the application…

## Parties

- **Judges:** Ramalingam…; AVINASH K.…
- **Advocates:** BFS L…

## Timeline

- **April 5, 2022 — Amendment to Regulation…**: Notification No. IBBI/2022-23/GN/REG.081, amending Regulation 38(3) of the IBBI…
- **April 12, 2022 — Application…**: The Company Petition was…

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