# In the matter of BBT ELEVATED ROAD PRIVATE LIMITED

> NCLT judgment dated 2026-03-16. Citation: TCN-2026-NCLT-00242. An application was filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016,…

- **Court:** NCLT
- **Order date:** 16 Mar 2026
- **Citation:** TCN-2026-NCLT-00242
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/bbt-elevated-road-private-limited-79b6891f

## Summary

### Background

An application was filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, regarding the Corporate Insolvency Resolution Process (CIRP) of BBT Elevated Road Private Limited.

## Facts

The application was filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016.

The Corporate Insolvency Resolution Process (CIRP) was initiated against BBT Elevated Road Private Limited on 19.12.2023.

Mr. Sachin Gopal Jathar was appointed as the Interim Resolution Professional (IRP).

The Applicant made a Public Announcement in Form A as per Regulation 6 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

The CoC approved liquidation with 100% votes in its 17th meeting on 27.06.2025.

Resolution Plans were rejected by the CoC in its 16th meeting on 16.05.2025.

Mr. Pritam Bayal is appointed as Liquidator.

## Issues and analysis

### Issue 1: Whether to allow the application for liquidation of the Corporate Debtor, BBT Elevated Road Private …

**Ratio:** Section 33(1) of the

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**Reasoning:** The CoC approved liquidation with 100% votes,

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**Interpretation:** The Tribunal has the power to order liquidation when the CoC approves it and

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**Application:** The Tribunal allowed the application and ordered the liquidation of BBT

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## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** Canara Bank…; Sachin Gopal…
- **Respondents:** BBT Elevated Road…
- **Other parties:** Pritam…
- **Advocates:** Jishnu Cho…; Deepanjan Dutta…; +1 more

## Timeline

- **19.12.2023 — Application filed under…**: Application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against BBT…
- **21.12.2023 — Public Annou…**: The Applicant made Public Announcement in Form A inviting claims from the creditors of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33(1) — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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