# Kathiresan Nachimuthu, RP of CMYK Health Boutique Private Limited vs. CMYK Health Boutique Private Limited

> NCLT judgment dated 2026-08-25. Citation: TCN-2026-NCLT-00972. The Corporate Insolvency Resolution Process (CIRP) for CMYK Health Boutique Private Limited…

- **Court:** NCLT
- **Order date:** 25 Aug 2026
- **Citation:** TCN-2026-NCLT-00972
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/kathiresan-nachimuthu-rp-of-cmyk-health-boutique-private-limited-vs-cmyk-health-lepa0

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) for CMYK Health Boutique Private Limited (Corporate Debtor) was initiated on 26.11.2025 based on a petition filed by a Financial Creditor under Section 7 of the IBC. Kathiresan Nachimuthu was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). Only one claim was received and admitted from M/s. Anirudh AAPT Private Limited, which became the sole Financial Creditor with 100% voting share in the Committee of Creditors (CoC).

## Facts

The application IA(IBC)(LIQ)/12(CHE)/2026 was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016.

The applicant is Kathiresan Nachimuthu, Resolution Professional of M/s. CMYK Health Boutique Private Limited.

CMYK Health Boutique Private Limited is the Corporate Debtor.

The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 26.11.2025 in CP(IBC)/68(CHE)/2024.

The CIRP was initiated upon a petition filed by a Financial Creditor under Section 7 of IBC.

Kathiresan Nachimuthu was initially appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP).

Public announcement was made on 12.12.2025 in "The Economic Times" and "Makkal Kural".

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## Issues and analysis

### Issue 1: Whether the application for liquidation of CMYK …

**Ratio:** The Corporate Debtor, CMYK Health Boutique Private Limited, is ordered to be liquidated

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**Reasoning:** The Committee of Creditors (CoC), exercising its commercial wisdom, unanimously resolved

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**Interpretation:** Section 33(2) of the IBC empowers the Adjudicating Authority to pass a

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**Application:** Given the CoC's unanimous resolution, supported by findings of the Corporate

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## Parties

- **Judges:** Shri. JYOTI KUMAR…; SHRI. RAVICHANDRAN…
- **Appellants:** Kathiresan…; Kathiresan…; +1 more
- **Respondents:** CMYK Health…
- **Other parties:** Committee of…; Anirudh AAPT…
- **Advocates:** Priya Dorothy…; Sundarava…

## Timeline

- **2025-11-26 — Commencement…**: The Corporate Insolvency Resolution Process (CIRP) commenced for CMYK Health Boutique…
- **2025-11-26 — Appointment…**: Kathiresan Nachimuthu was appointed as the…

## 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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