# In the matter of Jawan Mining and Construction Equipments Pvt. Ltd.

> NCLT judgment dated 2025-07-25. Citation: TCN-2025-NCLT-01131. An application was filed for the liquidation of Jawan Mining and Construction Equipments Pvt.…

- **Court:** NCLT
- **Order date:** 25 Jul 2025
- **Citation:** TCN-2025-NCLT-01131
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-jaipur/jawan-mining-and-construction-equipments-pvt-ltd-015e71b9

## Summary

### Background

An application was filed for the liquidation of Jawan Mining and Construction Equipments Pvt. Ltd. under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016.

## Facts

Neil Industries Limited filed an application under Section 7 of the IBC for initiation of CIRP against Jawan Mining & Construction Equipments Pvt. Ltd.

The Adjudicating Authority admitted the application on 08.12.2023 and appointed Satyendra P. Khorania as the Interim Resolution Professional (IRP).

The CIRP commenced on 08.12.2023, and the statutory period of 180 days expired on 06.06.2024.

The CoC approved the liquidation of the Corporate Debtor in its 4th meeting held on 24.06.2024.

The Resolution Professional filed an application seeking liquidation of the Corporate Debtor on 09.07.2024.

The CoC appointed the Applicant as the Resolution Professional in terms of Section 22(3)(a) of the Code on 06.01.2024.

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## Issues and analysis

### Issue 1: Whether the application for liquidation of the Corporate Debtor is in accordance with Section 33(2) …

**Ratio:** Section 33(2) of the Code empowers the resolution professional to file an Application

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**Reasoning:** The CoC approved the liquidation of the Corporate Debtor with 100% majority in its fourth

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**Interpretation:** The Adjudicating Authority interpreted Section 33(2) to allow for liquidation

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**Application:** The Adjudicating Authority found that the application was filed in accordance

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## Parties

- **Judges:** Reeta K…; Kavita Bha…
- **Appellants:** NEIL INDUSTRIES…; Satyendra Prasad…
- **Respondents:** JAWAN MINING &…; Shyam Singh…; +1 more
- **Other parties:** Gunjan…; Satyendra P.…
- **Advocates:** Anubha…

## Timeline

- **2023-12-08 — Admission of Ap…**: The Adjudicating Authority admitted the application filed by Neil Industries Limited…
- **2023-12-08 — Commencement…**: The CIRP of the…

## Legal provisions

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

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