# In the matter of NCML Deoria Private Limited

> Read the full IBC case summary for In the matter of NCML Deoria Private Limited. NCLT judgment dated 2025-07-10. Citation: TCN-2025-NCLT-00805.

- **Court:** NCLT
- **Order date:** 10 Jul 2025
- **Citation:** TCN-2025-NCLT-00805
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ncml-deoria-private-limited-c1dea3e3

## Summary

### Background

The petition was filed by the Liquidator of NCML Deoria Private Limited for its dissolution under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, following the voluntary liquidation process.

## Facts

NCML Deoria Private Limited, incorporated on January 20, 2017, with CIN U01114HR2017PTC067155, had an authorized share capital of Rs. 7,00,00,000/- and an issued and paid-up capital of Rs. 4,00,00,000/-. The company's registered office is in Gurgaon, Haryana. Certified true copies of its Certificate of Incorporation, Memorandum and Articles of Association, and List of Shareholders as of July 30, 2024, were annexed to the petition.

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## Issues and analysis

### Issue 1: Whether the Corporate Person, NCML Deoria Private Limited, should be dissolved following the…

**Ratio:** A corporate person can be dissolved if its affairs are completely wound up, assets…

**Reasoning:** The Tribunal found that the company's affairs were completely wound up, its assets…

**Interpretation:** The court interpreted Section 59 of the Insolvency and Bankruptcy Code, 2016,…

**Application:** Given that NCML Deoria Private Limited had completed its liquidation,…

## Parties

- **Judges:** Harnam Singh…; SHISHIR A…
- **Advocates:** For Petit…; Karan Rajpurohit,…; +5 more

## Timeline

- **January 20, 2017 — Incorporation of…**: NCML DEORIA PRIVATE LIMITED was…
- **July 30, 2024 — Declaration of Solvency…**: Board of Directors prepared Declaration of Solvency and approved voluntary liquidation…

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