# Lloyd Rockfibres Limited vs. Registrar of Companies, NCT of Delhi & Haryana

> NCLT judgment dated 7 Apr 2026. Citation: TCN-2026-NCLT-00422. Lloyd Rockfibres Limited, through its Liquidator Mr. Arun Gupta, filed a voluntary liquidation…

- **Court:** NCLT
- **Order date:** 7 Apr 2026
- **Citation:** TCN-2026-NCLT-00422
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/lloyd-rockfibres-limited-vs-registrar-of-companies-nct-of-delhi-haryana-kkkly

## Summary

### Background

Lloyd Rockfibres Limited, through its Liquidator Mr. Arun Gupta, filed a voluntary liquidation application under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with the IBBI (Voluntary Liquidation Process) Regulations, 2017. The company, incorporated on October 6, 1989, had its Board of Directors pass a resolution for voluntary liquidation on September 4, 2023. Subsequently, an Extraordinary General Meeting (EGM) held on September 30, 2023, approved a special resolution for voluntary winding up and appointed Mr. Arun Gupta as the Liquidator, along with a declaration of solvency.

## Facts

Lloyd Rockfibres Limited (CIN: U20293DL1989PLC218564) was incorporated as a private limited company on October 6, 1989.

The Board of Directors of Lloyd Rockfibres Limited passed a resolution for voluntary liquidation on September 4, 2023.

An Extraordinary General Meeting (EGM) held on September 30, 2023, approved a special resolution for voluntary winding up and appointed Mr. Arun Gupta as Liquidator.

Creditors provided a No Objection Certificate (NOC) for the initiation of the voluntary liquidation process on October 3, 2023.

A public announcement for Voluntary Liquidation was published in 'Financial Express' and 'Jansatta' newspapers on October 4, 2023, inviting claims from stakeholders within 30 days.

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## Issues and analysis

### Issue 1: Whether the application for voluntary liquidation and dissolution of Lloyd Rockfibres Limited, …

**Ratio:** A corporate person can be dissolved under Section 59 of the Insolvency and Bankruptcy

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**Reasoning:** The NCLT reasoned that the Liquidator, Mr. Arun Gupta, meticulously adhered to the

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**Interpretation:** The NCLT interpreted Section 59 of the IBC, 2016, and the IBBI (Voluntary

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**Application:** In the case of Lloyd Rockfibres Limited, the Liquidator demonstrated full

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## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** Lloyd Rockfibres…
- **Respondents:** Lloyd Rockfibres…; Registrar of…; +1 more
- **Other parties:** Voluntary…; Insolvency and…; +2 more
- **Advocates:** Ashutosh…; Gaurav…; +1 more

## Timeline

- **1989-10-06 — Company Incor…**: Lloyd Rockfibres Limited was…
- **2023-09-04 — Board Resolution for…**: The Board of Directors of the Company passed a resolution for approval of voluntary…

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