# In the matter of Goddess Textiles Private Limited

> NCLT judgment dated 2025-09-18. Citation: TCN-2025-NCLT-01409. The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016, by…

- **Court:** NCLT
- **Order date:** 18 Sept 2025
- **Citation:** TCN-2025-NCLT-01409
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/goddess-textiles-private-limited-16736b85

## Summary

### Background

The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016, by E.Santhanalakshmi, the Resolution Professional (RP) of Goddess Textiles Private Limited, the Corporate Debtor, seeking an order for liquidation.

## Facts

Corporate Debtor, Goddess Textiles Private Limited, was admitted into CIRP vide order dated 02.09.2024.

E.Santhanalakshmi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).

Public announcement was issued on 22.09.2024 to invite claims against the Corporate Debtor.

Canara Bank was the sole member of the Committee of Creditors (CoC).

The 10th CoC meeting held on 30.04.2025 resolved to liquidate the Corporate Debtor.

No Expression of Interest or Resolution Plan was received.

An application under Section 33 of IBC, 2016 was filed for liquidation.

Fraudulent transactions u/s 66 of Rs.6,59,35,584 is pending in IA(I.B.C)/542/CHE/2025

## Issues and analysis

### Issue 1: Whether the Corporate Debtor, Goddess Textiles Private Limited, should be liquidated based on the …

**Ratio:** Section 33(2) of the Insolvency and Bankruptcy Code, 2016 allows the Adjudicating

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**Reasoning:** The CoC approved the liquidation of the Corporate Debtor, and no resolution plan was

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**Interpretation:** The Adjudicating Authority has the power to order liquidation when the CoC

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**Application:** The Adjudicating Authority ordered the liquidation of Goddess Textiles Private

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## Parties

- **Judges:** JYOTI KUMAR…; RAVICHANDRAN…
- **Appellants:** E.Santhanal…
- **Respondents:** Goddess Textiles…
- **Other parties:** Canara…
- **Advocates:** S. Umamah…

## Timeline

- **2024-09-02 — Commencement…**: CIRP commenced for Goddess…
- **2024-09-22 — Public Annou…**: Public announcement was made in 'Daily…

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