# In the matter of RAM LAL ANEJA FOODS PRIVATE LIMITED

> Read the full IBC case summary for In the matter of RAM LAL ANEJA FOODS PRIVATE LIMITED. NCLT judgment dated 2025-08-05. Citation: TCN-2025-NCLT-01228.

- **Court:** NCLT
- **Order date:** 5 Aug 2025
- **Citation:** TCN-2025-NCLT-01228
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ram-lal-aneja-foods-private-limited-c0ae0b4c

## Summary

### Background

The Resolution Professional filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor based on the Committee of Creditors' decision.

## Facts

The Corporate Insolvency Resolution Process (CIRP) for Ram Lal Aneja Foods Pvt. Ltd. was initiated by an operational creditor, Aman Bajaj, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Chandigarh Bench of the National Company Law Tribunal admitted the application on January 13, 2023. Mr. Akhil Ahuja Bhasin was initially appointed as the Interim Resolution Professional (IRP).

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## Issues and analysis

### Issue 1: Whether the corporate debtor should be liquidated as…

**Ratio:** The commercial wisdom of the Committee of Creditors is paramount and non-justiciable, as…

**Reasoning:** The CoC, with a 100% voting share, decided to liquidate the corporate debtor after…

**Interpretation:** The court interpreted Section 33(2) of the IBC as a powerful tool for the CoC…

**Application:** Given that the CoC passed a resolution for liquidation with a 100% vote share,…

## Parties

- **Judges:** Harnam Singh…; SHISHIR A…
- **Advocates:** For the Applicant:…; Ashwani S…; +2 more

## Timeline

- **January 13, 2023 — CIRP Admi…**: The application for Corporate Insolvency Resolution Process (CIRP) of Ram Lal Aneja Foods…
- **January 13, 2023 — IRP Appoi…**: Mr. Akhil Ahuja Bhasin was appointed as the…

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