# Pravin R. Navandar vs. Unitech Transformers Pvt. Ltd

> NCLT judgment dated 16 Oct 2025. Citation: TCN-2025-NCLT-01495. The case involves an Interlocutory Application filed under Section 33(2) read with Section…

- **Court:** NCLT
- **Order date:** 16 Oct 2025
- **Citation:** TCN-2025-NCLT-01495
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/pravin-r-navandar-vs-unitech-transformers-pvt-ltd-646b562d

## Summary

### Background

The case involves an Interlocutory Application filed under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code 2016, R/W Rule 11 of the National Company Law Tribunal Rules, 2016 by Mr. Pravin R. Navandar, the Resolution Professional, seeking Liquidation of Unitech Transformers Pvt. Ltd., the Corporate Debtor. The RP seeks an order directing the initiation of Liquidation of the Corporate Debtor and appointing Mr. Manish Lalji Dawda as the Liquidator.

## Facts

An application was filed against the Corporate Debtor, Unitech Transformers Pvt. Ltd., for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Code.

The Company Petition was admitted by the Tribunal on 22.03.2018 directing initiation of CIRP in respect of the Corporate Debtor, and Pravin R. Navandar was appointed as the Interim Resolution Professional (IRP).

The Applicant filed MA 1621 of 2018 seeking approval of the resolution plan submitted by the suspended promoters, Mr. P.K. Haridas and Mrs. Heena Haridas.

The Adjudicating Authority allowed the re-run of the CIRP by order dated 16.04.2024 in IA 222 of 2024.

The Applicant conducted the 24th CoC meeting on 29.04.2024.

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## Issues and analysis

### Issue 1: Whether the liquidation of the Corporate Debtor, Unitech Transformers Pvt. Ltd, should be initiated …

**Ratio:** Section 33(2) of the Insolvency and Bankruptcy Code, 2016 states that where the

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**Reasoning:** The members of the CoC, having 83.32% voting share, have already approved the initiation

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**Interpretation:** The provision of Section 33(2) requires the Adjudicating Authority to pass a

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**Application:** In this case, the CoC has approved the initiation of liquidation with 83.32%

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## Parties

- **Judges:** ASHISH…; SANJIV…
- **Appellants:** Pravin R. N…
- **Respondents:** Unitech Transforme…
- **Other parties:** Insolvency and…; Corporate…; +4 more

## Timeline

- **22.03.2018 — Admission in…**: The Corporate Debtor…
- **11.12.2018 — MA 1621…**: The Applicant filed MA 1621 of 2018 seeking approval of the resolution plan submitted by…

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