# In the matter of BHATTAD MARKETING AND DISTRIBUTION LIMITED

> NCLT judgment dated 2025-09-12. Citation: TCN-2025-NCLT-01364. The Resolution Professional, Manoj Kumar Mishra, filed an application under Section 33 of the…

- **Court:** NCLT
- **Order date:** 12 Sept 2025
- **Citation:** TCN-2025-NCLT-01364
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/bhattad-marketing-and-distribution-limited-29bd84b8

## Summary

### Background

The Resolution Professional, Manoj Kumar Mishra, filed an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Bhattad Marketing & Distribution Limited.

## Facts

RK Traders, an Operational Creditor, filed a Company Petition under Section 9 of the Code, leading to the initiation of CIRP against Bhattad Marketing & Distribution Limited.

The Tribunal admitted the petition on 12.06.2024 and appointed the Applicant (Manoj Kumar Mishra) as the Interim Resolution Professional (IRP).

The Applicant issued Form A on 29.06.2024, inviting claims from creditors with a deadline of 13.07.2024.

The Committee of Creditors (CoC) was constituted on 29.07.2024, with RK Traders as the sole member holding 100% voting share.

The CoC approved the liquidation of the Corporate Debtor with 100% voting share in its 5th meeting held on 19.03.2025.

The CoC approved the appointment of Mr. Raju Mangilal Marshiya as the Liquidator.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be liquidated under Section 33(2) of the Insolvency and …

**Ratio:** Section 33(2) of the Code allows for liquidation when the CoC decides to liquidate the

…

**Reasoning:** The CoC, in its 5th meeting, approved the liquidation of the Corporate Debtor with a 100%

…

**Interpretation:** The Tribunal interpreted the CoC's decision as a valid basis for initiating

…

**Application:** The Tribunal applied Section 33(2) and ordered the liquidation of Bhattad

…

## Parties

- **Judges:** Smt Lakshmi…; Hariharan…
- **Appellants:** Manoj Kumar…
- **Respondents:** Bhattad Marketing…
- **Other parties:** RK Tra…; Raju Mangilal…
- **Advocates:** Aniket S…

## Timeline

- **2024-06-12 — Commencement…**: The Corporate Insolvency Resolution Process…
- **2024-06-29 — Form A I…**: The Applicant issued Form A in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33 — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-mumbai/bhattad-marketing-and-distribution-limited-29bd84b8