# In the matter of SRI PAVANA KEERTI HOTELS INDIA PRIVATE LIMITED

> NCLT judgment dated 2025-11-20. Citation: TCN-2025-NCLT-01670. The case pertains to an Interlocutory Application (I.A (IBC) (Liq) No.03/2025) filed by the…

- **Court:** NCLT
- **Order date:** 20 Nov 2025
- **Citation:** TCN-2025-NCLT-01670
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/sri-pavana-keerti-hotels-india-private-limited-2968ac0f

## Summary

### Background

The case pertains to an Interlocutory Application (I.A (IBC) (Liq) No.03/2025) filed by the Resolution Professional (RP) of the Corporate Debtor, M/s Sri Pavana Keerthi Hotels India Pvt. Ltd., under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking orders for liquidation of the Corporate Debtor.

## Facts

The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 11.04.2022.

Mr. Gunturu Raghu Babu was initially appointed as the Interim Resolution Professional and subsequently continued as Resolution Professional.

Mr. Govada Venkata Subbarao was appointed as the Resolution Professional on 29.04.2024.

A resolution plan submitted by Mr. Virigineni Anjaiah was approved unanimously by the Committee of Creditors (CoC).

The Successful Resolution Applicant (SRA) failed to submit the Performance Bank Guarantee (PBG) despite extensions.

The CoC resolved to liquidate the Corporate Debtor in the 18th CoC meeting.

Mr. Govada Venkata Subba Rao was appointed as Liquidator.

The CIRP period expired on 18.03.2025.

## Issues and analysis

### Issue 1: Whether the requirements of Section 33(2) of the Insolvency and Bankruptcy Code, 2016, are met for …

**Ratio:** Section 33(2) of the

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**Reasoning:** The CoC, with 100% voting share, has unanimously decided to liquidate the Corporate

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**Interpretation:** The Tribunal interpreted Section 33(2) to allow for liquidation when no

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**Application:** The Tribunal applied Section 33(2) and ordered the liquidation of the Corporate

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Govada Venkata…
- **Respondents:** Pavana Keerthi…; M/s Sri Pavana…
- **Other parties:** Pridhvi Asset…; PRIDHVI ASSET…; +3 more
- **Advocates:** Ms.Mano R…; M. Rama…

## Timeline

- **2022-04-11 — Admission in…**: The Corporate Debtor was admitted into…
- **2022-06-29 — NCLAT Interi…**: The Hon'ble NCLAT, vide interim order dated 29.06.2022, stayed the continuation of the…

## 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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