# In the matter of

> NCLT judgment dated 2026-01-20. Citation: TCN-2026-NCLT-00100. The application was filed by the Resolution Professional of the Corporate Debtor M/s EBC…

- **Court:** NCLT
- **Order date:** 20 Jan 2026
- **Citation:** TCN-2026-NCLT-00100
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/f23baeef

## Summary

### Background

The application was filed by the Resolution Professional of the Corporate Debtor M/s EBC Bearings (India) Limited under Section 54(1) read with Regulation 45 of IBBI (Liquidation Process) Regulations, 2016 seeking dissolution of the Corporate Debtor.

## Facts

The application was filed under Section 54(1) of the IBC, 2016, seeking dissolution of the Corporate Debtor.

The Tribunal admitted the Company Petition filed by M/s Bhagyanagar Investments & Trading Pvt Ltd under section 7 of the Insolvency and Bankruptcy Code, 2016 on 23.12.2022.

No resolution plan was received during the Corporate Insolvency Resolution Process period, and the CoC decided to liquidate the Corporate Debtor.

The Liquidator issued public notices in newspapers inviting claims from stakeholders.

The Liquidator convened 6 meetings of the Stakeholders Consultation Committee (SCC).

The assets of the Corporate Debtor were auctioned, and M/s Umang Enterprises was declared the highest bidder.

…

## Issues and analysis

### Issue 1: Whether the Corporate …

**Ratio:** Section 54 of the IBC lays down the criteria

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**Reasoning:** The assets of the corporate debtor have been completely liquidated, and the liquidator

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**Interpretation:** The Adjudicating Authority shall on application filed by the liquidator under

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**Application:** The Tribunal was satisfied that the criteria laid down under law has been fully

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Gullapalli…; M/s Bhagyanagar…
- **Respondents:** M/s EBC Bearings…
- **Other parties:** Mrs.Mummaneni…; M/s DBS…
- **Advocates:** JVL Bha…

## Timeline

- **2022-12-23 — Admission of Company…**: The Tribunal admitted the Company Petition (IB) No. 115/7/HDB/2022 filed by M/s…
- **N/A — Appointment…**: Mrs.Mummaneni Vazra Laxmi was appointed as Interim Resolution Professional and later…

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