# In the matter of Kling Enterprises India Limited

> NCLT judgment dated 2025-04-22. Citation: TCN-2025-NCLT-01119. M/s. Kling Enterprises India Limited (Corporate Debtor) filed an application under Section 10…

- **Court:** NCLT
- **Order date:** 22 Apr 2025
- **Citation:** TCN-2025-NCLT-01119
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/kling-enterprises-india-limited-9d505c26

## Summary

### Background

M/s. Kling Enterprises India Limited (Corporate Debtor) filed an application under Section 10 of IBC, 2016, which was admitted on 27th October 2022. Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional. The CoC resolved to appoint Mr. Venka Reddy Bathina as Resolution Professional. Two resolution plans were received but not approved by the CoC. The resolution plan did not receive the requisite majority even in the second e-voting window.

## Facts

M/s. Kling Enterprises India Limited filed an application under Section 10 of IBC, 2016.

The application was admitted on 27th October 2022, and Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional.

The CoC appointed Mr. Venka Reddy Bathina as Resolution Professional.

Two resolution plans were received but not approved by the CoC.

The Resolution Professional filed an application for the commencement of liquidation.

Mr. Venka Reddy Bathina was appointed as Liquidator.

An e-auction was conducted, and a single bid of Rs.23,00,000/- was received from Smt. Shirisha Rani Singhu.

The liquidation period was extended by 3 months.

The Liquidator distributed the sale consideration to the stakeholders.

…

## Issues and analysis

### Issue 1: Whether the liquidation process was completed as …

**Ratio:** The liquidation process must adhere to the procedures outlined in the IBC, 2016 and the

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**Reasoning:** The Tribunal reviewed the application and the reports submitted by the Liquidator,

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**Interpretation:** The IBC, 2016 and its associated regulations provide a structured framework for

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**Application:** The Tribunal found that the Liquidator had followed the prescribed procedures,

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Mr.Venkat Reddy…
- **Respondents:** Kling Enterprises…
- **Advocates:** Mr Shaik…; Mr.Mahadev…

## Timeline

- **2022-10-27 — Admission of Ap…**: Application under Section 10 of IBC, 2016 filed by Kling Enterprises India Limited was…
- **N/A — Appointment o…**: Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional and later as…

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