# Brijendra Kumar Mishra vs. NAC Advertising India Private Limited

> NCLT judgment dated 2026-05-05. Citation: TCN-2026-NCLT-00536. The Corporate Insolvency Resolution Process (CIRP) was initiated against NAC Advertising India…

- **Court:** NCLT
- **Order date:** 5 May 2026
- **Citation:** TCN-2026-NCLT-00536
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/brijendra-kumar-mishra-vs-nac-advertising-india-private-limited-qy35v

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) was initiated against NAC Advertising India Private Limited under Section 10 of the IBC, with Mr. Brijendra Kumar Mishra appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims, and various creditors, including secured, unsecured financial, and operational creditors, submitted their claims.

## Facts

An Interlocutory Application (IA(IBC)(DIS.)/25(MB)2026) was filed under Section 54(1) of the IBC by Mr. Brijendra Kumar Mishra, the Resolution Professional of NAC Advertising India Private Limited.

The application sought an Early Dissolution order for NAC Advertising India Private Limited.

The Adjudicating Authority had passed an order dated 05.08.2025, initiating Corporate Insolvency Resolution Process (CIRP) against NAC Advertising India Private Limited under Section 10 of the IBC.

Mr. Brijendra Kumar Mishra was appointed as the Interim Resolution Professional (IRP).

Public announcements inviting claims were made on 07.08.2025 in "Free Press Journal" (English) and "Navshakti" (Marathi) newspapers in Mumbai.

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## Issues and analysis

### Issue 1: Whether NAC Advertising India Private Limited, the Corporate Debtor, should be dissolved without …

**Ratio:** The Adjudicating Authority can order early dissolution of a corporate debtor if its

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**Reasoning:** The Committee of Creditors, exercising its commercial wisdom, decided against liquidation

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**Interpretation:** The provisions of the IBC (Sections 33(2), 54) and IBBI Regulations (Rule 14),

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**Application:** In the present case, NAC Advertising India Private Limited has negligible

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Brijendra Kumar…
- **Respondents:** NAC Advertising…
- **Other parties:** Edelweiss Asset…; ITI Credit…; +1 more
- **Advocates:** Ashok M…

## Timeline

- **2025-08-05 — CIRP Initiati…**: The Adjudicating Authority passed an order initiating Corporate Insolvency Resolution…
- **2025-08-07 — Public Announcement for…**: The Interim Resolution Professional made a public announcement in newspapers ("Free Press…

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