# In the matter of ANANDA BHARATHI FERTILIZERS (INDIA) PRIVATE LIMITED

> NCLT judgment dated 2025-12-03. Citation: TCN-2025-NCLT-01786. The Corporate Debtor (CD), Ananda Bharathi Fertilize Limited, was admitted into Corporate…

- **Court:** NCLT
- **Order date:** 3 Dec 2025
- **Citation:** TCN-2025-NCLT-01786
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/ananda-bharathi-fertilizers-india-private-limited-1a00051b

## Summary

### Background

The Corporate Debtor (CD), Ananda Bharathi Fertilize Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) by an order of the Tribunal dated 14.02.2024. The Applicant was appointed as the Interim Resolution Professional (IRP).

## Facts

The Corporate Debtor was admitted into CIRP on 14.02.2024.

The Applicant was appointed as the Interim Resolution Professional (IRP).

The IRP issued a public announcement on 01.03.2024.

The Committee of Creditors (CoC) initially comprised Canara Bank holding 100% voting share.

The CoC confirmed the IRP as the Resolution Professional (RP) on 27.03.2024.

The RP appointed Registered Valuers with the approval of CoC.

The CoC deliberated upon One-Time Settlement (OTS) proposal submitted by the suspended promoters.

The CoC approved publication of Form-G inviting Expressions of Interests (Eols) from Prospective Resolution Applicants (PRAs).

Two Resolution Plans were received but found financially unviable and rejected by the CoC.

The CoC recommended liquidation with 95.57% voting share.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be liquidated under Section 33 of the Insolvency and Bankruptcy …

**Ratio:** Section 33(1)(b) of the Insolvency and Bankruptcy Code, 2016 allows for liquidation if no

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**Reasoning:** The CoC, with 95.57% voting share, resolved to recommend liquidation after no viable

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**Interpretation:** The Tribunal interpreted Section 33(1)(b) to permit liquidation when the CIRP

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**Application:** The Tribunal, considering the CoC's recommendation and the lack of a resolution

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Canara…; Mr K Murali…
- **Respondents:** Ananda Bharathi…
- **Other parties:** Adhya Indu…; Hyderabad Sheet…; +5 more
- **Advocates:** Ms G Su…

## Timeline

- **2024-02-14 — CIRP Init…**: The Corporate Debtor was admitted into…
- **2024-03-01 — Public Annou…**: The IRP issued a public…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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