# In the matter of DILIP CHHABRIA DESIGN PRIVATE LIMITED

> NCLT judgment dated 2025-07-23. Citation: TCN-2025-NCLT-01151. An application was filed regarding the replacement of the liquidator in the matter of Creative…

- **Court:** NCLT
- **Order date:** 23 Jul 2025
- **Citation:** TCN-2025-NCLT-01151
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/dilip-chhabria-design-private-limited-43bf36d2

## Summary

### Background

An application was filed regarding the replacement of the liquidator in the matter of Creative Garments Pvt. Ltd. vs. Dilip Chhabria Design Pvt. Ltd.

## Facts

The applicant called for a Stakeholders Consultation Committee (SSC) meeting on 16/06/2025.

Cosmos Co-Op Bank Ltd., a member of the SSC, proposed Mr. Umesh Chandra Sahoo as the successor to the applicant.

The SSC unanimously agreed to the appointment of Mr. Umesh Chandra Sahoo as Insolvency Professional.

Mr. Umesh Chandra Sahoo's consent to act as Liquidator is available on record.

The Tribunal considered the submission of the Liquidator and the decision of the stakeholder consultation committee.

The Tribunal found it appropriate to appoint Mr. Umesh Chandra Sahoo as Liquidator.

The Liquidator shall exercise the powers and perform duties as envisaged under Sections 35 to 50 and 52 to 54 of the Code read with the Liquidation Process Regulations.

…

## Issues and analysis

### Issue 1: Whether the appointment of Mr. Umesh …

**Ratio:** The Stakeholders Consultation Committee (SSC) unanimously agreed to the appointment of

…

**Reasoning:** The SSC, after due consideration, found Mr.

…

**Interpretation:** The Tribunal interpreted the SSC's decision as a valid basis for appointing Mr.

…

**Application:** The Tribunal applied the SSC's decision and appointed Mr. Umesh Chandra Sahoo

…

## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Creative Garments…
- **Respondents:** Dilip Chhabria…; Dilip Chhabria…
- **Other parties:** Umesh Chandra…
- **Advocates:** Prathamesh…

## Timeline

- **2025-07-23 — Order Sheet of the…**: Order sheet of the…
- **2025-06-16 — SSC Meet…**: Stakeholders Consultation…

## 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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