# In the matter of GLAZE INFRASTRUCTURE PRIVATE LIMITED

> NCLT judgment dated 2026-01-27. Citation: TCN-2026-NCLT-00107. An application IA(I.B.C)/1110(KB)2025 has been preferred under Section 60(2) of the Insolvency…

- **Court:** NCLT
- **Order date:** 27 Jan 2026
- **Citation:** TCN-2026-NCLT-00107
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/glaze-infrastructure-private-limited-144cc746

## Summary

### Background

An application IA(I.B.C)/1110(KB)2025 has been preferred under Section 60(2) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 31A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Rule 11 of the National Company Law Tribunal Rules, 2016.

## Facts

An application was filed under Section 60(2) of the Insolvency and Bankruptcy Code, 2016.

The application seeks reliefs under Regulation 31A of the Liquidation Process Regulations, 2016 and Rule 11 of the NCLT Rules, 2016.

The SCC proposed Mrs. Brinda Bidasaria as the Liquidator in place of Mr. Krishnaswami C.V.R.

Mr. Krishnaswami C.V.R., the previous liquidator, has passed away.

The members of the SCC, holding 93.86% of the voting rights, approved the appointment of Mrs. Brinda Bidasaria.

The tribunal allowed the application and appointed Mrs. Brinda Bidasaria as the Liquidator.

The legal dues of the previous liquidator are to be released to his legal heirs, if permissible.

## Issues and analysis

### Issue 1: Whether Mrs. Brinda Bidasaria can be appointed as the Liquidator in place of the deceased Mr. …

**Ratio:** Section 60(2) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 31A of the

…

**Reasoning:** The SCC has proposed Mrs. Brinda Bidasaria as the Liquidator, and the members of the SCC,

…

**Interpretation:** The tribunal considered the proposal of the SCC and the approval of the members

…

**Application:** The tribunal allowed the application and appointed Mrs. Brinda Bidasaria as the

…

## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** Saint Gobain…; Brinda Bid…
- **Respondents:** Glaze Infrastructu…
- **Other parties:** Krishnaswami…
- **Advocates:** Kuldip Ma…; Shetparn…

## Timeline

- **2026-01-27 — Order Sheet of the…**: Order sheet of the hearing on 27th January 2026 regarding the application…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(2) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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