# Vikas Traders vs. Starrh Almond King Pvt Ltd

> NCLT judgment dated 6 Jan 2026. Citation: TCN-2026-NCLT-00050. The case involves a Corporate Insolvency Resolution Process (CIRP) initiated by Vikas Traders,…

- **Court:** NCLT
- **Order date:** 6 Jan 2026
- **Citation:** TCN-2026-NCLT-00050
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/vikas-traders-vs-starrh-almond-king-pvt-ltd-bkipm

## Summary

### Background

The case involves a Corporate Insolvency Resolution Process (CIRP) initiated by Vikas Traders, an Operational Creditor, against Starrh Almond King Pvt Ltd, the Corporate Debtor, which was admitted on 20.05.2020. The Operational Creditor sought to replace the previously appointed Interim Resolution Professional (IRP), Shri Rajesh Chhaparia, with Mr. Murali Mohan Chevuturi for conducting the CIRP.

## Facts

Vikas Traders is the Petitioner/Operational Creditor and Starrh Almond King Pvt Ltd is the Respondent/Corporate Debtor.

The Corporate Petition (CP (IB)/220/9/AMR/2019) was admitted on 20.05.2020.

The Counsel for the Operational Creditor filed a Memo dated 01.01.2026, in compliance with an order dated 25.11.2025.

The Memo included Form 2 dated 25.11.2025 – written communication from the proposed IRP, Mr. Murali Mohan Chevuturi, with registration no. IBBI/IPA-003/00307 /2020-2021/13464 and a valid Authorization for Assignment (AFA) up to 30.06.2026.

The Operational Creditor prayed to replace the previously appointed IRP, Shri Rajesh Chhaparia, with Mr. Murali Mohan Chevuturi.

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## Issues and analysis

### Issue 1: Whether Mr. Murali Mohan Chevuturi is eligible and should be appointed as the Interim Resolution …

**Ratio:** The NCLT, as the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016,

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**Reasoning:** The Operational Creditor submitted a Memo with Form 2 and communication from Mr. Murali

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**Interpretation:** The Tribunal interpreted the submission of the IRP's communication, valid AFA,

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**Application:** Given the verified eligibility of Mr. Murali Mohan Chevuturi and the

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## Parties

- **Judges:** UMESH KUMAR…; KISHORE VEMULAPALL…
- **Appellants:** Vikas Tr…
- **Respondents:** Starrh Almond…
- **Other parties:** Corporate…; Interim Resolution…; +5 more

## Timeline

- **2020-05-20 — CP Admit…**: The Corporate Petition (CP…
- **2025-07-08 — Hearing for IA…**: Adjudicating Authority issued Bailable Warrants…

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