# In the matter of Agni Alpha Global Private Limited

> NCLT judgment dated 2025-05-05. Citation: TCN-2025-NCLT-00120. The case pertains to an application filed by the liquidator, Jitendra Gordhandas Unadkat, of…

- **Court:** NCLT
- **Order date:** 5 May 2025
- **Citation:** TCN-2025-NCLT-00120
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/agni-alpha-global-private-limited-a45fdbf4

## Summary

### Background

The case pertains to an application filed by the liquidator, Jitendra Gordhandas Unadkat, of Agni Alpha Global Private Limited under Section 59(7) of the Insolvency & Bankruptcy Code, 2016, seeking the dissolution of the company. The company was incorporated on 16.09.2021. The liquidator made a public announcement of the commencement of liquidation and submitted a final report dated 14.08.2024. The Registrar of Companies (ROC) and the Income Tax Department filed their reports and raised no objections.

## Facts

Agni Alpha Global Private Limited was undergoing voluntary liquidation. Jitendra Gordhandas Unadkat was appointed as the liquidator. The company was incorporated on 16.09.2021. The authorized share capital of the company is Rs. 15,00,00,000/- and the paid-up share capital is Rs. 96,574,050/-. The company was not carrying on any business from the preceding last one year and not having any profit. The Board of Directors passed a resolution to liquidate the company on 5th April, 2023. The Members of the Company passed a resolution to liquidate the Company voluntarily on 25.04.2023. The liquidator made a public announcement of the commencement of liquidation on 28.04.2023. The liquidator opened a bank account and closed it on 08.08.2024. The liquidator submitted a final

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## Issues and analysis

### Issue 1: Whether the application for dissolution of Agni Alpha Global Private Limited under Section 59(7) of …

**Ratio:** Section 59(8) of the Insolvency & Bankruptcy Code, 2016 confers the power to pass an

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**Reasoning:** The court reasoned that the affairs of the company had been completely wound up and the

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**Interpretation:** Section 59(8) of the IBC allows the NCLT to dissolve a company if the voluntary

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**Application:** The court applied the ratio to the facts of the case, noting that the

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Respondents:** Agni Alpha Global…

## Timeline

- **2021-09-16 — Company Incor…**: Agni Alpha Global Private…
- **2023-04-05 — Board Reso…**: The Board of Directors passed a…

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