# Dabir Developers Private Limited vs. European Projects & Aviation Limited

> NCLT judgment dated 2026-09-03. Citation: TCN-2026-NCLT-00971. M/s. Dabir Developers Private Limited, the Financial Creditor, initiated a Corporate Insolvency…

- **Court:** NCLT
- **Order date:** 3 Sept 2026
- **Citation:** TCN-2026-NCLT-00971
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/dabir-developers-private-limited-vs-european-projects-aviation-limited-dopme

## Summary

### Background

M/s. Dabir Developers Private Limited, the Financial Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. European Projects & Aviation Limited, the Corporate Debtor, by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted, and an Interim Resolution Professional (IRP) was appointed, who was later replaced by a Resolution Professional (RP). Throughout the CIRP, multiple Committee of Creditors (CoC) meetings were held to manage claims, appoint consultants, and assess the Corporate Debtor's viability.

## Facts

M/s. Dabir Developers Private Limited (Financial Creditor) filed a petition under Section 7 of the IBC against M/s. European Projects & Aviation Limited (Corporate Debtor) on 16.09.2024.

The Section 7 petition was admitted by order dated 27.03.2025, and Mr. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP).

The certified copy of the admission order was received on 01.04.2025.

The IRP published public announcements inviting claims from creditors on 02.04.2025 and 03.04.2025.

M/s. Dabir Developers Private Limited deposited Rs.2,00,000/- towards CIRP costs.

The IRP filed the List of Creditors and the Constitution of the Committee of Creditors (CoC) before the NCLT.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor, M/s. European Projects & Aviation Limited, should be liquidated …

**Ratio:** The Adjudicating Authority is mandated to pass a liquidation order if no resolution plan

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**Reasoning:** The CIRP period for the Corporate Debtor expired on 23.09.2025 without any resolution

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**Interpretation:** Section 33(1) of the IBC provides for liquidation if no resolution plan is

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**Application:** Given the expiry of the CIRP period without a resolution plan and the CoC's

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## Parties

- **Judges:** Vinay…; Charanjeet Singh…
- **Appellants:** Dabir Developers…; Laxmikant…; +1 more
- **Respondents:** M/s. European…; European Projects…
- **Other parties:** Committee of…; GTL Lim…; +3 more
- **Advocates:** Kartik Ir…; G. Aniruth…

## Timeline

- **2024-09-16 — Section 7 Petit…**: M/s. Dabir Developers Private Limited (Financial Creditor) filed a petition under Section…
- **2025-03-27 — Petition Admitted & IRP…**: The Section 7 petition was admitted, and Mr. Manoj Kumar Jain was appointed as the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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