# In the matter of Yenepoya Energy Pvt. Ltd.

> Read the full IBC case summary for In the matter of Yenepoya Energy Pvt. Ltd.. NCLT judgment dated 2025-10-31. Citation: TCN-2025-NCLT-01624.

- **Court:** NCLT
- **Order date:** 31 Oct 2025
- **Citation:** TCN-2025-NCLT-01624
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/yenepoya-energy-pvt-ltd-eee580a1

## Summary

### Background

The company petition was filed seeking an order for the dissolution of Yenepoya Energy Private Limited after it underwent voluntary liquidation proceedings under the Insolvency and Bankruptcy Code, 2016.

## Facts

M/s. Yenepoya Energy Private Limited, the applicant company, was incorporated on August 4, 2008, in Bengaluru, Karnataka, under the provisions of the Companies Act, 1956. The Board of Directors, in a meeting on January 15, 2025, decided to voluntarily liquidate the company. A Declaration of Solvency was executed on February 3, 2025, as required under Section 59 (3) of the IBC, 2016, confirming that the company could pay its debts and was not being liquidated to defraud any person. A Special Resolution for voluntary liquidation was passed on February 6, 2025, and Smt. Ramanathan Bhuvaneshwari was appointed as Liquidator.

…

## Issues and analysis

### Issue 1: Whether M/s. Yenepoya Energy Private Limited, having completed its voluntary liquidation process,…

**Ratio:** A company that has completed its voluntary liquidation process, with all affairs wound…

**Reasoning:** The Tribunal considered the compliance affidavit filed by the liquidator, which stated no…

**Interpretation:** The court interpreted Section 59(8) of the IBC, 2016, to mean that once the…

**Application:** Given that the liquidator confirmed no pending issues and the I.T. Department…

## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Advocates:** For the Petitioner…; Pranjali Sharma.…; +1 more

## Timeline

- **August 4, 2008 — Company Incor…**: M/s. Yenepoya Energy Private Limited was…
- **January 15, 2025 — Board Decision to…**: The Board of Directors decided to…

---

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/yenepoya-energy-pvt-ltd-eee580a1