# In the matter of P.C.DEY AND SON DISTRIBUTORS PRIVATE LIMITED

> NCLT judgment dated 2026-01-22. Citation: TCN-2026-NCLT-00127. The case pertains to an application filed under Section 33 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 22 Jan 2026
- **Citation:** TCN-2026-NCLT-00127
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/pcdey-and-son-distributors-private-limited-eed21622

## Summary

### Background

The case pertains to an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, P.C. Dey & Son Distribution Private Limited.

## Facts

The Corporate Debtor, P.C. Dey & Son Distribution Private Limited, was admitted into CIRP on 04.07.2025 based on a petition filed by Indian Bank.

The Committee of Creditors (CoC) was constituted, with Indian Bank and Aditya Birla Capital Limited as the financial creditors.

The CoC unanimously resolved to initiate liquidation of the Corporate Debtor under Section 33 of the IBC, 2016.

The Corporate Debtor had been non-operational for over six years, possessed no active business or employees, and maintained no updated books of account after FY 2017-18.

Major secured assets of the Corporate Debtor had already been disposed of by Indian Bank prior to the commencement of CIRP.

…

## Issues and analysis

### Issue 1: Whether the application for liquidation of the Corporate Debtor under Section 33 of the IBC, 2016, …

**Ratio:** Section 33(2) of the IBC, 2016, allows for the liquidation of the Corporate Debtor if the

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**Reasoning:** The CoC unanimously resolved to initiate liquidation due to the Corporate Debtor's

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**Interpretation:** The Tribunal interpreted Section 33(2) of the IBC, 2016, to allow for

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**Application:** The Tribunal applied Section 33(2) of the IBC, 2016, and allowed the

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** Indian…; Sriram M…
- **Respondents:** P.C Dey & Son…
- **Other parties:** ADITYA BIRLA…
- **Advocates:** Mr.Riyanshu…

## Timeline

- **04.07.2025 — Admission in…**: Corporate Debtor admitted into Corporate…
- **12.07.2025 — Public Annou…**: Public announcement made in Form ‘A’,…

## 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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