# In the matter of Zoom Dealcomm Private Limited

> NCLT judgment dated 2025-03-20. Citation: TCN-2025-NCLT-00338. The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 20 Mar 2025
- **Citation:** TCN-2025-NCLT-00338
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/zoom-dealcomm-private-limited-0fad0a00

## Summary

### Background

The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3)(b) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, for the dissolution of Zoom Dealcomm Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 02.11.2023, and Mr. Bhavesh Mansukhbhai Rathod was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Manoj Sehgal replaced Mr. Rathod as the IRP and was later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC). The CoC resolved to liquidate the Corporate Debtor, leading to the filing of IA (IBC)(Liq) 13/KB/2024.

## Facts

Zoom Dealcomm Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 02.11.2023. Mr. Bhavesh Mansukhbhai Rathod was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by Mr. Manoj Sehgal, who was then confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor. An order of liquidation was passed on 01.07.2024, and Mr. Sriram Mittal was appointed as the Liquidator. Public announcements were made in multiple languages on 08.07.2024, inviting claims from stakeholders. The liquidator received a single claim from Navshikha Multitraders Private Limited, the Financial Creditor. The liquidator conducted multiple e-auctions to sell the assets of the

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## Issues and analysis

### Issue 1: Whether the application for dissolution of the Corporate Debtor, Zoom Dealcomm Private Limited, …

**Ratio:** Section 54(1) of the Insolvency and Bankruptcy Code, 2016, allows for the dissolution of

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**Reasoning:** The court considered the liquidator's report and the documents annexed to the

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**Interpretation:** Section 54(1) provides the legal basis for dissolving a corporate debtor after

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**Application:** The court applied Section 54(1) to the facts of the case, noting that the

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## Parties

- **Judges:** BIDISHA BA…; Cmde Siddharth…
- **Respondents:** Zoom Dealcomm…

## Timeline

- **2023-11-02 — Admission in…**: Corporate Debtor admitted into Corporate…
- **2023-12-07 — Replacement…**: Mr. Bhavesh Mansukhbhai Rathod replaced by Mr. Manoj Sehgal as Interim Resolution…

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