# Sanjay Mehra vs. Punj Security & House Keeping Services Private Limited

> NCLT judgment dated 2026-07-07. Citation: TCN-2026-NCLT-00692. Mr. Sanjay Mehra, the Resolution Professional (RP) for Punj Security & Housekeeping Services…

- **Court:** NCLT
- **Order date:** 7 Jul 2026
- **Citation:** TCN-2026-NCLT-00692
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sanjay-mehra-vs-punj-security-house-keeping-services-private-limited-fc7a7

## Summary

### Background

Mr. Sanjay Mehra, the Resolution Professional (RP) for Punj Security & Housekeeping Services Private Limited (Corporate Debtor), filed an application under Section 33(1)(a) of the IBC, 2016, seeking initiation of liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated on 25.08.2022, and public announcements for claims were made. Claims were received from a related party financial creditor (Punj Foods & Facility Management Private Limited) and various operational creditors, including government departments and individuals. The Committee of Creditors (CoC) was formed and reconstituted multiple times. Expressions of Interest (EOIs) were invited, but no resolution plan was submitted by the prospective resolution applicants within the

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## Facts

The present Application has been filed by Mr. Sanjay Mehra, Resolution Professional (RP), for Punj Security & Housekeeping Services Private Limited, Corporate Debtor, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of liquidation.

The CIRP was initiated pursuant to the order dated 25.08.2022 of the Adjudicating Authority.

The order was communicated to the Interim Resolution Professional (IRP) on 26.08.2022, whereupon the IRP assumed charge.

Public announcements inviting claims were published in two newspapers on 27.08.2022, fixing 09.09.2022 as the last date for submission of claims.

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor, Punj Security & Housekeeping Services Private Limited, should be …

**Ratio:** Under Section 33(1)(a) of the IBC, 2016, if the Adjudicating Authority does not receive a

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**Reasoning:** The statutory Corporate Insolvency Resolution Process (CIRP) period of 180 days expired

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**Interpretation:** Section 33(1)(a) of the Code provides for mandatory liquidation in two

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**Application:** In the present case, both conditions for liquidation under Section 33(1)(a) are

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## Parties

- **Judges:** KAUSHALENDRA…; KHETRABASI…
- **Appellants:** Sanjay…
- **Respondents:** Punj Security &…
- **Other parties:** EPFO Depa…; GST Depar…; +11 more
- **Advocates:** Vishav Bharti…; Ubhai Bhart…; +4 more

## Timeline

- **2022-08-25 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) initiated by order of the Adjudicating…
- **2022-08-26 — IRP Communication &…**: CIRP initiation order communicated to the Interim Resolution Professional (IRP), who then…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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