# In the matter of Shapre Infotech Private Limited IA-398-CHE-2022 in IBA-946-2019

> Read the full IBC case summary for In the matter of Shapre Infotech Private Limited IA-398-CHE-2022 in IBA-946-2019. NCLT judgment dated 2022-06-20. Citation:…

- **Court:** NCLT
- **Order date:** 20 Jun 2022
- **Citation:** TCN-2022-NCLT-04653
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/shapre-infotech-private-limited-ia-398-che-2022-in-iba-946-2019-f35218a5

## Summary

### Background

The application was filed by the Liquidator under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking orders for the dissolution of the Corporate Debtor, Shapre Infotech India Limited, after the completion of the liquidation process.

## Facts

The National Company Law Tribunal (NCLT), Division Bench – II, Chennai, received an application, IA/398/CHE/2022, filed by Mr. L.V. Shyam Sundar, the Liquidator of Shapre Infotech India Limited. The application was filed under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking orders for the dissolution of the Corporate Debtor. The NCLT had previously initiated the Corporate Insolvency Resolution Process (CIRP) against Shapre Infotech India Limited on October 25, 2019, and appointed Mr. L.V. Shyam Sundar as the Interim Resolution Professional (IRP). A public announcement regarding the CIRP was made on October 29, 2019.

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor, Shapre Infotech…

**Ratio:** The Corporate Debtor has been completely liquidated, and there are no remaining assets or…

**Reasoning:** The Liquidator's final report and Compliance Certificate in Form-H indicated that all…

**Interpretation:** The court interpreted the submissions and reports to mean that the liquidation…

**Application:** Given the complete liquidation and lack of assets, the conditions for…

## Parties

- **Judges:** S. Ramath…; Anil Ku…
- **Advocates:** For Appli…; Vijay Vigneshwar,…

## Timeline

- **October 25, 2019 — CIRP Ord…**: NCLT ordered CIRP of Shapre Infotech India Limited and appointed Mr. L.V. Shyam Sundar as…
- **October 29, 2019 — Public Announcement of…**: Public Announcement…

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