# In the matter of Jenbacher Distributed Power
India Private Limited

> NCLT judgment dated 2026-01-29. Citation: TCN-2026-NCLT-00099. The application is filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016,…

- **Court:** NCLT
- **Order date:** 29 Jan 2026
- **Citation:** TCN-2026-NCLT-00099
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/jenbacher-distributed-power-india-private-limited-d349d27b

## Summary

### Background

The application is filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking voluntary dissolution of M/s.Jenbacher Distributed Power India Private Limited and discharge of the Liquidator from his duties.

## Facts

M/s.Jenbacher Distributed Power India Private Limited was incorporated on September 8, 2018.

The Corporate Person has not been carrying on its business operations from the year of incorporation, i.e., 2018.

The Board of Directors of the Corporate Person resolved to voluntarily liquidate the Company on March 27th, 2025.

Mr.Krishna Komaravolu was appointed as Liquidator.

The Liquidator issued a Public Announcement on April 8th, 2025.

The Liquidator prepared a NIL stakeholders statement dated 04.05.2025, as no claims were received.

The RoC submitted its report stating the status of the Company as Active Compliant and "Under Liquidation".

…

## Issues and analysis

### Issue 1: Whether the voluntary liquidation process has been completed as per the procedure laid down under …

**Ratio:** Based on the perusal of the petition, the observations of the RoC, and the submissions of

…

**Reasoning:** The Corporate Person has complied with all applicable FEMA guidelines, filed necessary

…

**Interpretation:** The provisions of IBC, 2016 and IBBI (Voluntary Liquidation Process)

…

**Application:** The Tribunal has exercised its powers

…

## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Mr.Krishna…
- **Respondents:** M/s.Jenbacher…
- **Other parties:** Mr.Prashant…; Mr.Chetan Vinod…
- **Advocates:** Mr.M.Vis…; Vasanth…

## Timeline

- **2018-09-08 — Incorpor…**: M/s.Jenbacher Distributed Power India…
- **2025-03-27 — Voluntary Liquidation…**: The Board of Directors resolved to…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 59(7) — Voluntary liquidation of corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-59)

---

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-hyderabad/jenbacher-distributed-power-india-private-limited-d349d27b