# Mr. Mohan Ram Goenka vs. Rama Management & Consultancy Private Limited

> NCLT judgment dated 2026-10-01. Citation: TCN-2026-NCLT-01171. Rama Management & Consultancy Private Limited initiated voluntary liquidation proceedings on…

- **Court:** NCLT
- **Order date:** 1 Oct 2026
- **Citation:** TCN-2026-NCLT-01171
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/rama-management-consultancy-private-limited-pterg

## Summary

### Background

Rama Management & Consultancy Private Limited initiated voluntary liquidation proceedings on December 15, 2025, with Mr. Mohan Ram Goenka appointed as Liquidator. A public announcement for claims was made. Subsequently, the Board of Directors and members reconsidered the decision due to changed commercial circumstances and revised strategic objectives, opting to resume business operations. A special resolution was passed on December 31, 2025, to terminate the voluntary liquidation proceedings.

## Facts

The Board of Directors of Rama Management & Consultancy Private Limited considered the proposal for voluntary liquidation on 09.12.2025.

A declaration under Section 59(3)(a) of the Code was made by the majority of Directors, confirming the company had no debt or could pay its debts in full, and that liquidation was not to defraud any person.

The declaration was filed with the Registrar of Companies, Kolkata, in Form GNL-2 vide SRN No. AB9751029 on 10.12.2025.

The members of the Company passed a Special Resolution under Section 59(3)(c) on 15.12.2025 for commencement of voluntary liquidation proceedings and appointment of Mr. Mohan Ram Goenka as Liquidator.

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## Issues and analysis

### Issue 1: Whether the statutory compliances for termination of a Voluntary Liquidation Application under …

**Ratio:** Termination of voluntary liquidation proceedings requires adherence to specific statutory

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**Reasoning:** The Tribunal found that the members of Rama Management & Consultancy Private Limited

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**Interpretation:** Section 59(5A) and Regulation 42 mandate a 'due process' for termination, which

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**Application:** In the present case, Rama Management & Consultancy Private Limited's

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## Parties

- **Judges:** BIDISHA BA…; Rekha Kantilal…
- **Appellants:** Mohan Ram…
- **Respondents:** Rama Management &…
- **Advocates:** Swapna Ch…

## Timeline

- **2025-12-09 — Board Meeting for…**: The Board of Directors of Rama Management & Consultancy Private Limited considered the…
- **2025-12-10 — Declaration Filed with…**: The requisite declaration under Section 59(3)(a) of the Code was filed with the Registrar…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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