# In the matter of SUN PETPACK JABALPUR PRIVATE LIMITED

> NCLT judgment dated 2026-01-30. Citation: TCN-2026-NCLT-00105. The Resolution Professional, Mangesh Kekre, filed an application under Section 33(2) of the…

- **Court:** NCLT
- **Order date:** 30 Jan 2026
- **Citation:** TCN-2026-NCLT-00105
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-indore/sun-petpack-jabalpur-private-limited-14bc6e43

## Summary

### Background

The Resolution Professional, Mangesh Kekre, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/S SUN PETPACK JABALPUR PRIVATE LIMITED.

## Facts

The CIRP was initiated on April 4, 2024, with Mangesh Kekre appointed as Interim Resolution Professional (IRP).

The CoC comprised only Axis Bank Limited, holding 100% voting share.

A resolution plan submitted by the suspended director, Mrs. Poonam Gupta, in consortium with Mr. Ravi Gupta, was rejected by the CoC.

The CoC unanimously resolved for liquidation in its 8th and 9th meetings.

The suspended director filed an affidavit-in-reply raising objections to the liquidation.

The Adjudicating Authority granted an extension of the CIRP period.

The CoC approved M/s Efficax Resolution Professionals Private Limited as Liquidator.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority should order liquidation of the Corporate Debtor under Section …

**Ratio:** Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, mandates the Adjudicating

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**Reasoning:** The Adjudicating Authority noted that the CIRP period had expired, no resolution plan was

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**Interpretation:** The Adjudicating Authority interpreted Section 33(1)(a) as requiring it to

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**Application:** The Adjudicating Authority applied Section 33(1)(a) to the facts of the case

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## Parties

- **Judges:** Mohan P.…; SANJEEV S…
- **Appellants:** Mangesh…
- **Respondents:** SUN PETPACK…; Ravi G…; +2 more
- **Other parties:** RAKESH J…
- **Advocates:** Akshat Ag…; Ayushi Pa…

## Timeline

- **2024-04-04 — Initiation…**: CIRP initiated vide order dated April…
- **2024-04-06 — Public Annou…**: Public Announcement in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33(2) — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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