# In the matter of Rotomac Global Private Limited IA No. 94 of 2021 in CP No. 70-ALD-2017

> NCLT judgment dated 2021-07-02. Citation: TCN-2021-NCLT-01863. The case involves an application filed by Anil Goel, the liquidator for Rotomac Global Private…

- **Court:** NCLT
- **Order date:** 2 Jul 2021
- **Citation:** TCN-2021-NCLT-01863
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/rotomac-global-private-limited-ia-no-94-of-2021-in-cp-no-70-ald-2017-eae33572

## Summary

### Background

The case involves an application filed by Anil Goel, the liquidator for Rotomac Global Private Limited, seeking an extension of the liquidation process. The liquidation order was initially passed on 2020-03-23. The applicant has been actively involved in the liquidation process, including making public announcements, constituting a Monitoring Committee, and receiving valuation reports. During the CIRP, the CBI conducted an investigation and seized documents, which were later received by the applicant. The Directorate of Enforcement also passed an order attaching the properties of the Corporate Debtor, which was confirmed by PMLA. An application for de-attachment of properties was dismissed by the Tribunal and subsequently by the NCLAT. The applicant has filed an appeal

…

## Facts

Anil Goel, the liquidator of Rotomac Global Private Limited, filed an application seeking an extension of the liquidation process. The initial liquidation order was issued on 2020-03-23. The liquidator has taken steps to progress the liquidation, including public announcements and forming a Monitoring Committee. During the Corporate Insolvency Resolution Process (CIRP), the CBI investigated and seized documents from Rotomac Global Private Limited. The applicant received these documents in June and December 2019. The Directorate of Enforcement attached the properties of the Corporate Debtor on 2018-05-28, which was confirmed by PMLA on 2018-11-20. An application for de-attachment of properties was dismissed by the Tribunal and NCLAT, and an appeal is pending before the

…

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority is justified in extending the liquidation period of Rotomac …

**Ratio:** Regulation 44(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process)

…

**Reasoning:** The Adjudicating Authority considered the delays caused by the CBI investigation,

…

**Interpretation:** Regulation 44(2) provides a mechanism for extending the liquidation period when

…

**Application:** In this case, the Adjudicating Authority found that the delays caused by the

…

## Parties

- **Judges:** Rajesh Daya…
- **Appellants:** Anil…
- **Respondents:** Rotomac Global…

## Timeline

- **2020-03-23 — Liquidation…**: Liquidation order was…
- **2018-05-28 — Attachment…**: Directorate of Enforcement passed an order attaching the properties of the Corporate…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 35(1) — Powers and duties of liquidator](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-35)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/rotomac-global-private-limited-ia-no-94-of-2021-in-cp-no-70-ald-2017-eae33572