# In the matter of Agarwal Commodities Broker Private Limited

> NCLT judgment dated 2026-02-12. Citation: TCN-2026-NCLT-00138. The present Company Petition has been filed under section 59 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 12 Feb 2026
- **Citation:** TCN-2026-NCLT-00138
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/agarwal-commodities-broker-private-limited-25db2533

## Summary

### Background

The present Company Petition has been filed under section 59 of the Insolvency and Bankruptcy Code, 2016 (hereinafter called “IBC”) by a corporate person, named Agarwal Commodities Broker Private Limited to initiate Voluntary Liquidation proceedings under the IBC.

## Facts

The Company Petition has been filed under section 59 of the Insolvency and Bankruptcy Code, 2016.

Agarwal Commodities Broker Private Limited initiated Voluntary Liquidation proceedings.

The Corporate Person was incorporated on 09.12.2003 under the Companies Act, 1956.

The Authorised Share Capital of the Corporate Person is Rs. 75,00,000/-.

The Board of Directors resolved to Voluntarily Liquidate the Corporate Person on 20.01.2025.

The voluntary liquidation commencement date is 03.02.2025.

Pranab Kumar Chakrabarty was appointed as voluntary liquidator.

The Liquidator has submitted Preliminary Report dated 24.03.2025 as required under Regulation 9 of IBBI (Voluntary Liquidation Process) Regulation, 2017.

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## Issues and analysis

### Issue 1: Whether the affairs of the Corporate Person have been completely wound up and its assets have been …

**Ratio:** On examining the submission made by the Ld. Counsel appearing for the petitioner and the

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**Reasoning:** The liquidator has submitted all necessary

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**Interpretation:** The tribunal is satisfied that the liquidation process has been completed as

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**Application:** The Corporate Person is deemed to

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** Pranab Kumar…
- **Respondents:** Agarwal Commoditie…
- **Other parties:** Navin Ag…; Kedar Nath…; +1 more
- **Advocates:** Meenakshi…

## Timeline

- **2025-01-20 — Board Reso…**: Board of Directors (BOD) of the Corporate Person resolved to Voluntarily Liquidate the…
- **2025-02-03 — Special Res…**: Members of the Corporate Person passed a Special Resolution to Liquidate the Corporate…

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