# In the matter of Moli Merchant Traders Private Limited

> NCLT judgment dated 2025-05-29. Citation: TCN-2025-NCLT-00952. The case pertains to an application filed by the Liquidator of Moli Merchants Traders Pvt. Ltd.…

- **Court:** NCLT
- **Order date:** 29 May 2025
- **Citation:** TCN-2025-NCLT-00952
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/moli-merchant-traders-private-limited-3227d419

## Summary

### Background

The case pertains to an application filed by the Liquidator of Moli Merchants Traders Pvt. Ltd. under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the Corporate Debtor (CD). The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application by Agrasen Trade Merchant Pvt. Ltd., the Financial Creditor.

## Facts

The Liquidator of Moli Merchants Traders Pvt. Ltd. filed an application seeking dissolution of the Corporate Debtor under Section 54(1) of the IBC.

The CIRP was initiated based on an application by Agrasen Trade Merchant Pvt. Ltd., the Financial Creditor.

The CoC decided to liquidate the CD due to its non-operational status and low chances of a feasible resolution plan.

The Tribunal ordered the liquidation of the CD.

The Liquidator filed a Final Report and Compliance Certificate, stating that the affairs of the CD are fully liquidated and there are no realisable assets.

The Tribunal ordered the dissolution of the Corporate Debtor.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor, Moli Merchants Traders Pvt. Ltd., should be dissolved under Section …

**Ratio:** Section 54 of the IBC allows for the dissolution of a Corporate Debtor after the

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**Reasoning:** The Liquidator has filed an application seeking dissolution, stating that the affairs of

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**Interpretation:** The Tribunal interprets Section 54 to allow for dissolution when the

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**Application:** The Tribunal applied Section 54 and ordered the dissolution of the Corporate

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## Parties

- **Judges:** ANIL RAJ C…; K. R. SAJI…
- **Appellants:** Vimal Kumar…
- **Respondents:** Moli Merchants…
- **Other parties:** Agrasen Trade…
- **Advocates:** Vimal Kumar…; Navin A…

## Timeline

- **2023-12-22 — Application…**: The instant Application is filed on 22.12.2023, by Mr. Vimal Kumar Agrawal, the…
- **2021-09-23 — CIRP Init…**: This Tribunal initiated Corporate Insolvency Resolution Process (CIRP) of the CD vide…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 54(1) — Dissolution of corporate debtor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-54)

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