# Chandan Lal Sahu vs. Ecomaister Beads India Pvt. Ltd.

> NCLT judgment dated 12 Jan 2026. Citation: TCN-2026-NCLT-00036. The case involves proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC)…

- **Court:** NCLT
- **Order date:** 12 Jan 2026
- **Citation:** TCN-2026-NCLT-00036
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/chandan-lal-sahu-vs-ecomaister-beads-india-pvt-ltd-nu8sz

## Summary

### Background

The case involves proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Ecomaister Beads India Pvt. Ltd. Two interlocutory applications (IAs) were filed: IA (IB) No. 3/CB/2026, seeking urgent listing of another application, and IA (IB) No. 4/CB/2026, which requested the replacement of the liquidator. Mr. Sunil Kumar Agarwal, an Insolvency Professional, was previously appointed as the Liquidator for Ecomaister [India] Private Limited on October 17, 2025. However, his Authorization for Assignment (AFA) issued by the Insolvency & Bankruptcy Board of India (IBBI) had expired on June 30, 2025, rendering him ineligible to continue as per Regulation 7A of the IBBI (Insolvency Professionals) Regulations, 2016.

## Facts

An application IA (IB) No. 3/CB/2026 was filed under Rule 11 of NCLT Rules, 2016 for urgent listing of IA (IB) No. 4/CB/2026.

IA (IB) No. 3/CB/2026 was disposed of because IA (IB) No. 4/CB/2026 was taken for consideration on the same day.

IA (IB) No. 4/CB/2026 is an application filed under Rule 11 of NCLT Rules, 2016 for replacement of a Liquidator.

Mr. Sunil Kumar Agarwal, an Insolvency Professional (IP Registration No: IP-13735), was appointed as the Liquidator of Ecomaister [India] Private Limited via an order dated October 17, 2025.

Mr. Sunil Kumar Agarwal's Authorization for Assignment (AFA) issued by the IBBI expired on June 30, 2025, making him ineligible to continue as Liquidator under Regulation 7A of IBBI (Insolvency Professionals) Regulations, 2016.

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## Issues and analysis

### Issue 1: Whether the application for urgent listing (IA (IB) No. 3/CB/2026) should be disposed of since the …

**Ratio:** An application seeking urgent listing of another application becomes infructuous if the

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**Reasoning:** The application IA (IB) No. 3/CB/2026 was filed for urgent listing of IA (IB) No.

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**Interpretation:** Rule 11 of NCLT Rules, 2016 allows for applications for urgent matters.

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**Application:** IA (IB) No. 3/CB/2026 was disposed of by the Tribunal as IA (IB) No. 4/CB/2026

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## Parties

- **Judges:** Deep Chandr…; Banwari Lal…
- **Appellants:** Chandan La…
- **Respondents:** Ecomaister Beads…
- **Other parties:** Insolvency and…; Replacement of…; +5 more

## Timeline

- **2025-06-30 — Authorization for…**: Mr. Sunil Kumar Agarwal's Authorization for Assignment (AFA) issued by the Insolvency &…
- **2025-10-17 — Appointment of…**: Mr. Sunil Kumar Agarwal was appointed as the Liquidator of Ecomaister [India] Private…

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