# In the matter of Ratandeep Infrastructure Pvt. Ltd. IA No. 73-2021 in CP No. (IB) 45-ALD-20198

> NCLT judgment dated 2021-02-15. Citation: TCN-2021-NCLT-03041. The case pertains to IA No. 73/2021 in CP No.(IB) 45/ALD/2019 before the National Company Law…

- **Court:** NCLT
- **Order date:** 15 Feb 2021
- **Citation:** TCN-2021-NCLT-03041
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ratandeep-infrastructure-pvt-ltd-ia-no-73-2021-in-cp-no-ib-45-ald-20198-fe7e4779

## Summary

### Background

The case pertains to IA No. 73/2021 in CP No.(IB) 45/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The hearing was conducted via video conferencing on February 15, 2021. The application was filed under Section 33(1) R/w 60(5) IBC, seeking orders for the liquidation of the Corporate Debtor, Ratandeep Infrastructure Pvt. Ltd., and to confirm the appointment and fee of Sh. Alok Kumar Kuchhal as the Resolution Professional and Liquidator.

## Facts

The present IA No. 73/2021 in CP No.(IB) 45/ALD/2019 has been filed under Section 33(1) R/w 60(5) IBC, praying for passing of the orders for liquidation of the Corporate Debtor i.e. Ratandeep Infrastructure Pvt. Ltd. and to confirm appointment and fee of Sh. Alok Kumar Kuchhal, the Resolution Professional as a Liquidator. Sh. Alok Kumar Kuchhal, the RP, stated that the resolution for liquidation has been passed by 100% voting share. The matter was taken up through video conferencing.

## Issues and analysis

### Issue 1: Whether the application for liquidation of the Corporate Debtor, Ratandeep Infrastructure Pvt. …

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

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**Reasoning:** The court considered the application filed under Section 33(1) R/w 60(5) IBC, seeking

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**Interpretation:** Section 33(1) provides the legal basis for initiating liquidation proceedings

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**Application:** The court has not yet made a final decision on the liquidation application. It

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## Parties

- **Judges:** Rajesh Daya…
- **Appellants:** Nitin…
- **Respondents:** Ratandeep…

## Timeline

- **2021-02-15 — Hearing…**: Hearing of IA No. 73/2021 in CP No.(IB) 45/ALD/2019 was held on February 15, 2021, via…
- **2021-03-24 — Next Hearing Date…**: The matter was scheduled to be put up in the week commencing March 24, 2021, before the…

## 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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