# In the matter of Ram Lal Aneja Foods Pvt. Ltd.

> NCLT judgment dated 2025-08-04. Citation: TCN-2025-NCLT-01267. The application was filed by Mr. Prem Chand Goyal, the Resolution Professional of Ram Lal Aneja…

- **Court:** NCLT
- **Order date:** 4 Aug 2025
- **Citation:** TCN-2025-NCLT-01267
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ram-lal-aneja-foods-pvt-ltd-756dbd5d

## Summary

### Background

The application was filed by Mr. Prem Chand Goyal, the Resolution Professional of Ram Lal Aneja Foods Pvt. Ltd, seeking initiation of liquidation proceedings under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against Ram Lal Aneja Foods Pvt. Ltd based on an application by Aman Bajaj, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016.

The application for CIRP was admitted on 13.01.2023, and Mr. Akhil Ahuja Bhasin was appointed as the Interim Resolution Professional (IRP).

The IRP made a public announcement as per regulations and constituted the Committee of Creditors (CoC) on 04.02.2023.

The CoC comprised Punjab National Bank as the sole financial creditor with 100% voting share.

Several meetings of the CoC were held to explore resolution plans, but ultimately, the CoC voted for liquidation with a 100% vote share on 06.09.2023.

…

## Issues and analysis

### Issue 1: Whether the application for liquidation under Section 33(2) of the Insolvency and Bankruptcy Code, …

**Ratio:** Section 33(2) of the IBC allows for liquidation if the CoC decides to liquidate the

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**Reasoning:** The CoC, in its tenth meeting, decided to liquidate the corporate debtor with a 100% vote

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**Interpretation:** The Adjudicating Authority interprets Section 33(2) as empowering the CoC to

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**Application:** The Adjudicating Authority applied Section 33(2) and allowed the application

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## Parties

- **Judges:** Harnam Singh…; SHISHIR A…
- **Appellants:** Aman B…; Prem Chand…
- **Respondents:** Ram Lal Aneja…
- **Other parties:** Punjab National…; Akhil Ahuja…; +1 more
- **Advocates:** Mayank M…

## Timeline

- **13.01.2023 — Admission o…**: Application of the Corporate Debtor was admitted by the Chandigarh Bench of National…
- **13.01.2023 — Appointment…**: Mr. Akhil Ahuja Bhasin was appointed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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