# S. OLIVER FASHION INDIA PRIVATE LIMITED vs. N/A

> NCLT judgment dated 8 Jan 2026. Citation: TCN-2026-NCLT-00020. S. OLIVER FASHION INDIA PRIVATE LIMITED, incorporated on 17.07.2002 under the Companies Act,…

- **Court:** NCLT
- **Order date:** 8 Jan 2026
- **Citation:** TCN-2026-NCLT-00020
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/s-oliver-fashion-india-private-limited-sv44j

## Summary

### Background

S. OLIVER FASHION INDIA PRIVATE LIMITED, incorporated on 17.07.2002 under the Companies Act, 1956, filed a petition for dissolution through its Voluntary Liquidator, Mohd Nazim Khan. The petition, CP(IB) No.279/Chd/Hry/2025, was filed under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (VLP Regulations). The company's decision for voluntary liquidation stemmed from the cessation of all business operations, lack of active business activities or customers, and unsuccessful efforts to revive operations or explore alternative opportunities, leading to the underutilization of resources.

## Facts

S. OLIVER FASHION INDIA PRIVATE LIMITED (Petitioner Company) filed a petition for dissolution under Section 59 of the IBC, 2016, and VLP Regulations, 2017.

The company was incorporated on 17.07.2002 under the Companies Act, 1956.

The company ceased all business operations and had no active business activities or customers, leading to the decision for voluntary liquidation.

The Board of Directors resolved to voluntarily liquidate on 14.03.2025.

An Extraordinary General Meeting (EGM) on 29.03.2025 approved the voluntary liquidation and appointed Mohd Nazim Khan as Voluntary Liquidator.

Directors Rajive Ranjan and Reenah Simon Joseph submitted a declaration of solvency on 30.06.2022.

A Public Announcement inviting claims was issued on 30.03.2025, with a deadline of 28.04.2025.

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## Issues and analysis

### Issue 1: Whether S. OLIVER FASHION INDIA PRIVATE LIMITED is entitled to dissolution following the completion …

**Ratio:** A corporate person that has undergone voluntary liquidation in compliance with Section 59

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**Reasoning:** The Tribunal noted that the company had ceased all business operations and decided to

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**Interpretation:** Section 59 of the IBC, along with the VLP Regulations, establishes a

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**Application:** S. OLIVER FASHION INDIA PRIVATE LIMITED demonstrated full compliance with the

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## Parties

- **Judges:** HON’BLE SH.…; MEMBER (JUD…; +2 more
- **Respondents:** S. OLIVER FASHION…
- **Other parties:** Voluntary…; Insolvency and…; +3 more

## Timeline

- **2002-07-17 — Company Incor…**: S. OLIVER FASHION INDIA PRIVATE LIMITED was…
- **2022-06-30 — Declaration of…**: Directors of the Corporate Person made a declaration of Solvency by way of an Affidavit…

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