# In the matter of DADHEECH INFRASTRUCTURES PRIVATE LIMITED

> NCLT judgment dated 2025-04-28. Citation: TCN-2025-NCLT-00992. SREI Equipment Finance Limited, the Financial Creditor, initiated Corporate Insolvency…

- **Court:** NCLT
- **Order date:** 28 Apr 2025
- **Citation:** TCN-2025-NCLT-00992
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/dadheech-infrastructures-private-limited-6870b501

## Summary

### Background

SREI Equipment Finance Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Dadheech Infrastructure Private Limited, the Corporate Debtor, under Section 7 of the IBC. Mr. Soumendra Podder was appointed as the Interim Resolution Professional (IRP).

## Facts

SREI Equipment Finance Limited initiated CIRP against Dadheech Infrastructures Private Limited under Section 7 of IBC.

Mr. Soumendra Podder was appointed as the Interim Resolution Professional (IRP).

Public announcements were made inviting claims from creditors.

A Committee of Creditors (CoC) was formed with SREI Equipment Finance Limited as the sole financial creditor initially, later reconstituted to include four financial creditors.

Multiple attempts were made to invite Expressions of Interest (EOI) from Prospective Resolution Applicants (PRAs).

Several CoC meetings were held to evaluate resolution plans.

The CoC approved the commencement of liquidation proceedings with 99.64% votes.

…

## Issues and analysis

### Issue 1: Whether the application for liquidation under …

**Ratio:** Section 33 of the IBC allows for the initiation of liquidation proceedings if no

…

**Reasoning:** The CoC approved the commencement of liquidation with 99.64% votes, indicating a lack of

…

**Interpretation:** The Adjudicating Authority has the power to order liquidation based on the

…

**Application:** The application for liquidation was approved as the CoC supported it and no

…

## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** SREI Equipment…; Soumendra…
- **Respondents:** Dadheech Infrastru…
- **Other parties:** Acetylene Trexim…; Norifox Vincom…; +2 more
- **Advocates:** Parikshit…; Madhuja B…; +1 more

## Timeline

- **2023-06-26 — Initiation…**: Order for initiation of Corporate Insolvency Resolution Process (CIRP) against Dadheech…
- **2023-06-28 — Public Annou…**: Public Announcements in Form A were…

## Legal provisions

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

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