# In the matter of PRESSCOM PRODUCTS PRIVATE LIMITED

> NCLT judgment dated 2026-03-26. Citation: TCN-2026-NCLT-00356. The application is filed under Section 33 of the Insolvency & Bankruptcy Code, 2016 by Mr.…

- **Court:** NCLT
- **Order date:** 26 Mar 2026
- **Citation:** TCN-2026-NCLT-00356
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/presscom-products-private-limited-68ffa530

## Summary

### Background

The application is filed under Section 33 of the Insolvency & Bankruptcy Code, 2016 by Mr. Sanjay Mehra, RP of M/s Presscom Products Private Limited, seeking liquidation of the Corporate Debtor.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 04.11.2022.

Mr. Sanjay Mehra was appointed as the Interim Resolution Professional (IRP) vide order dated 04.11.2022.

The Corporate Debtor is a private limited company incorporated on 02.12.1998.

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 17.11.2022, and claims were invited.

The Committee of Creditors (CoC) was constituted on 08.12.2022.

The first meeting of the CoC was held on 14.12.2022.

The Applicant sent several reminders to the suspended directors regarding handover of documents.

The CoC decided to file an application for Liquidation on 20.03.2023.

…

## Issues and analysis

### Issue 1: Whether to allow the application for …

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

…

**Reasoning:** The CoC has resolved to liquidate the Corporate Debtor due to the absence of identifiable

…

**Interpretation:** The Tribunal considered the decision of the CoC and the provisions of the IBC,

…

**Application:** The Tribunal ordered the

…

## Parties

- **Judges:** JYOTI KUMAR…; RAVICHANDRAN…
- **Appellants:** Sanjay…
- **Respondents:** Presscom Products…
- **Other parties:** Intec Capital…; Steel Hypermart…; +1 more
- **Advocates:** Manoj M…

## Timeline

- **2022-11-04 — Commencement…**: CIRP comm…
- **2022-11-04 — Appointment…**: Mr. Sanjay Mehra…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33 — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

---

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/presscom-products-private-limited-68ffa530