# In the matter of Eshakti.com Private Limited

> NCLT judgment dated 2025-11-27. Citation: TCN-2025-NCLT-01767. The Corporate Debtor, Eshakti.com Pvt. Ltd, underwent CIRP following an application under…

- **Court:** NCLT
- **Order date:** 27 Nov 2025
- **Citation:** TCN-2025-NCLT-01767
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/eshakticom-private-limited-70fbf0ba

## Summary

### Background

The Corporate Debtor, Eshakti.com Pvt. Ltd, underwent CIRP following an application under Section 10 of the IBC, initiated by the Corporate Debtor itself. Mr. Ebenezar Inbaraj was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Ms. Renuka Rangaswamy was appointed as the Resolution Professional (RP).

## Facts

The Corporate Debtor, Eshakti.com Pvt. Ltd, filed an application under Section 10 of the IBC, 2016, seeking initiation of CIRP.

Mr. Ebenezar Inbaraj was appointed as the Interim Resolution Professional (IRP).

Ms. Renuka Rangaswamy was appointed as the Resolution Professional (RP).

The CoC was initially comprised of Paragon Partners LLP, M/s Instant Autogas Equipment, and MITCON Credential Trusteeship Services Limited (Karnation Fund-I).

Paragon Partners LLP was re-classified as a related party of the Corporate Debtor.

The CoC unanimously resolved to liquidate the Corporate Debtor in the 7th CoC meeting held on 18.08.2025.

The Adjudicating Authority ordered the liquidation of the Corporate Debtor as per Section 33(2) of IBC, 2016.

Mr. L. Bhadri was appointed as the Liquidator.

…

## Issues and analysis

### Issue 1: Whether the resolution plans received were in accordance with the provisions of the IBC, 2016 and …

**Ratio:** The resolution plans were found not in

…

**Reasoning:** Real Value Infotech Projects Pvt Ltd did not submit the Earnest Money Deposit. The plan

…

**Interpretation:** The resolution plans did not meet the mandatory requirements as stipulated in

…

**Application:** Since the resolution plans were non-compliant, the CoC proceeded to consider

…

## Parties

- **Judges:** SANJIV…; Venkataraman…
- **Appellants:** Renuka Devi…
- **Respondents:** Eshakti.com Pvt.…
- **Other parties:** Paragon Partners…; Instant Autogas…; +11 more
- **Advocates:** Ramasubramaniam…

## Timeline

- **2024-12-09 — CIRP Init…**: CIRP initiated against the Corporate Debtor vide order of the Tribunal in…
- **2024-12-12 — Public Annou…**: IRP issued Public Announcement in Form-A…

---

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-chennai/eshakticom-private-limited-70fbf0ba