# In the matter of MACRO DAIRY VENTURES PRIVATE LIMITED

> NCLT judgment dated 2026-01-30. Citation: TCN-2026-NCLT-00083. An application was filed by Anand Sonbhadra, the Resolution Professional, for the liquidation…

- **Court:** NCLT
- **Order date:** 30 Jan 2026
- **Citation:** TCN-2026-NCLT-00083
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/macro-dairy-ventures-private-limited-96b11e61

## Summary

### Background

An application was filed by Anand Sonbhadra, the Resolution Professional, for the liquidation of Macro Dairy Ventures Private Limited under Section 33(1) of the Insolvency and Bankruptcy Code, 2016.

## Facts

An insolvency petition was filed under Section 7 of the Code by the Financial Creditor.

The Corporate Debtor was admitted into CIRP vide order dated 30.11.2022.

Mr. Krishan Vrind Jain was appointed as Interim Resolution Professional (IRP).

The Committee of Creditors (CoC) comprised of Punjab National Bank with 100% voting share.

The CoC approved inviting Expression of Interest (Eol) in Form G.

Three EOIs were received, but the only PRA withdrew its plan.

The CoC approved the resolution to replace the IRP and appoint Anand Sonbhadra as the Resolution Professional.

The CoC approved the liquidation of the Corporate Debtor in its 8th meeting on 21.11.2023.

The Adjudicating Authority directed the Resolution Professional to file an audited balance sheet.

…

## Issues and analysis

### Issue 1: Whether the application for liquidation of the Corporate Debtor under Section 33(1) of the …

**Ratio:** Section 33(1) of the Insolvency and Bankruptcy Code, 2016 allows for the initiation of

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**Reasoning:** The CoC approved the liquidation of the Corporate Debtor due to the withdrawal of the

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**Interpretation:** The Adjudicating Authority interpreted Section 33(1) to allow for the

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**Application:** The Adjudicating Authority applied Section 33(1) and approved the liquidation

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## Parties

- **Judges:** KHETRABASI…; KAUSHALENDRA…
- **Appellants:** Punjab National…; Anand Son…
- **Respondents:** Macro Dairy…
- **Other parties:** Rajeesh…; Sh. Krishan Vrind…
- **Advocates:** Preeti…

## Timeline

- **2022-11-30 — Admission in…**: The Corporate Debtor…
- **2023-01-25 — 2nd CoC M…**: CoC approved inviting Expression…

## 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)

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