# In the matter of J.K.S. CONSTRUCTION PRIVATE LIMITED

> NCLT judgment dated 2025-05-01. Citation: TCN-2025-NCLT-00988. The case involves an application seeking the replacement of a liquidator.

- **Court:** NCLT
- **Order date:** 1 May 2025
- **Citation:** TCN-2025-NCLT-00988
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/jks-construction-private-limited-63757268

## Summary

### Background

The case involves an application seeking the replacement of a liquidator.

## Facts

An application was filed seeking the replacement of the current liquidator, Mr. Murali Mohan Chevuturi.

Mr. Murali Mohan Chevuturi has IBBI Registration No.IBBI/IPA-003/00307/2020-2021/13464.

The replacement of the liquidator was recommended by SCC during its 13th SCC meeting held on 04.04.2025.

The proposal for the appointment of a new liquidator was approved with immediate effect.

The application is under Section 34(4) r/w Section 60(5) of IBC, 2016.

## Issues and analysis

### Issue 1: Whether the application for replacement …

**Ratio:** Based on the recommendation of SCC and the merits of the application, the replacement is

…

**Reasoning:** The SCC recommended the replacement during its meeting, suggesting a valid reason for the

…

**Interpretation:** The court interprets the recommendation of SCC as a sufficient basis for

…

**Application:** The court applies the recommendation and approves the replacement of the

…

## Parties

- **Judges:** JYOTI KUMAR…; RAVICHANDRAN…
- **Appellants:** State Bank of…
- **Respondents:** JKS Constructions…; Raghu Babu…
- **Other parties:** Murali Mohan…; Raghu Babu…
- **Advocates:** M.L. Ga…

## Timeline

- **2025-05-01 — Hearing…**: Hearing of National Company Law Tribunal, Chennai Bench held on 01.05.2025 at 10.30 A.M.…
- **2025-04-04 — SCC Meet…**: 13th SCC meeting held on 04.04.2025, where the replacement of the liquidator was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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