# In the matter of ELECTRONIC CONTROLS AND DISCHARGE SYSTEMS PRIVATE LIMITED

> NCLT judgment dated 2026-03-02. Citation: TCN-2026-NCLT-00200. The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016 by Mrs.…

- **Court:** NCLT
- **Order date:** 2 Mar 2026
- **Citation:** TCN-2026-NCLT-00200
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/electronic-controls-and-discharge-systems-private-limited-39610b93

## Summary

### Background

The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016 by Mrs. Geetha Sridhar, the Resolution Professional (RP) of M/s Electronic Controls & Discharge Systems Private Limited, the Corporate Debtor (CD).

## Facts

The Corporate Debtor is M/s. Electronic Controls & Discharge Systems Private Limited.

The CIRP was initiated on 05.06.2025.

Mr. S. Poosaidurai initially appointed as IRP, withdrew his consent.

Mrs. Geetha Sridhar was appointed as the IRP and later as the RP.

The CoC approved the liquidation of the Corporate Debtor due to the absence of a viable resolution plan.

The Corporate Debtor is a Corporate Guarantor for loans availed by M/s Venture Power Systems Private Limited from Bank of India.

Public announcements were made on 18.07.2025.

The CoC was constituted on 08.08.2025.

The resolution to liquidate the company was put to vote on 13.10.2025 with the last date being 15.10.2025.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be liquidated …

**Ratio:** Section 33(2) of the

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**Reasoning:** The CoC approved the liquidation of the Corporate Debtor due to the lack of a viable

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**Interpretation:** The Tribunal interpreted Section 33(2) to allow for liquidation when no

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**Application:** The Tribunal applied Section 33(2) and ordered the liquidation of the Corporate

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## Parties

- **Judges:** JYOTI KUMAR…; RAVICHANDRAN…
- **Appellants:** Geetha Sr…
- **Respondents:** Electronic…
- **Other parties:** S. Poosai…; Binoy - Representa…; +4 more
- **Advocates:** S. Sathyana…; G. Thyaga…; +3 more

## Timeline

- **05.06.2025 — Commencement…**: The Corporate Insolvency…
- **10.07.2025 — Appointment…**: Mrs. Geetha Sridhar was appointed as…

## 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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