# In the matter of DADHEECH INFRASTRUCTURES PRIVATE LIMITED

> NCLT judgment dated 2025-04-28. Citation: TCN-2025-NCLT-00991. SREI Equipment Finance Limited, the Financial Creditor, initiated Corporate Insolvency…

- **Court:** NCLT
- **Order date:** 28 Apr 2025
- **Citation:** TCN-2025-NCLT-00991
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/dadheech-infrastructures-private-limited-da3e3bf3

## 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 Infrastructure Private Limited under Section 7 of IBC.

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

The Committee of Creditors (CoC) was formed with SREI Equipment Finance Limited as the sole financial creditor.

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

No viable resolution plan was approved by the CoC.

The RP filed an application under Section 33 of the IBC for the commencement of liquidation proceedings.

The CoC approved the liquidation with 99.64% votes.

The Adjudicating Authority allowed the application for liquidation.

Mr. Anil Kumar Dubey was appointed as the Liquidator.

## Issues and analysis

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

**Ratio:** The CoC approved the liquidation with 99.64% votes, and no viable resolution plan was

…

**Reasoning:** The Corporate Debtor could not be resolved through CIRP, and the CoC decided to liquidate

…

**Interpretation:** Section 33 of the IBC allows for liquidation if the CoC approves it and no

…

**Application:** The Adjudicating Authority allowed the application for liquidation based on the

…

## 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 dated 26/06/2023 ordered initiation of Corporate Insolvency Resolution Process…
- **2023-06-28 — Public Annou…**: Public Announcements in Form A was published in “Business Standard” (English) all…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 52 — Secured creditor in liquidation proceedings](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-52)

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