# Mr Alok Kailash Saksena vs. Unity Infraprojects Limited

> NCLT judgment dated 2026-07-15. Citation: TCN-2026-NCLT-00669. The Interlocutory Application (IA) was filed by Mr. Alok Kailash Saksena, the erstwhile…

- **Court:** NCLT
- **Order date:** 15 Jul 2026
- **Citation:** TCN-2026-NCLT-00669
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/mr-alok-kailash-saksena-vs-unity-infraprojects-limited-d6wp7

## Summary

### Background

The Interlocutory Application (IA) was filed by Mr. Alok Kailash Saksena, the erstwhile Liquidator of Unity Infraprojects Limited, under Section 34(4) of the IBC, 2016. The application sought the Tribunal's approval for his replacement as Liquidator and the appointment of Mr. Umesh Chandra Sahoo. Mr. Saksena had previously informed the Stakeholders' Consultation Committee (SCC) of his inability to continue due to personal reasons and requested to be relieved. The SCC subsequently held meetings and conducted e-voting, which resulted in the approval of the resolution to change the Liquidator with 67.59% votes in favour, and the appointment of Mr. Umesh Chandra Sahoo.

## Facts

The Interlocutory Application (IA) bearing IA(I.B.C)/2884(MB)2026 was filed by Mr. Alok Kailash Saksena.

The IA was filed under Section 34(4) of the Insolvency and Bankruptcy Code, 2016.

The IA seeks replacement of the present Liquidator and appointment of Mr. Umesh Chandra Sahoo as the Liquidator of the Corporate Debtor.

The Tribunal initiated Liquidation Process against Unity Infraprojects Limited vide its Order dated 08.04.2021.

Mr. Alok Kailash Saksena was appointed as the Liquidator of the Corporate Debtor by the Tribunal's order dated 08.04.2021.

The Thirty-Second Meeting of the Stakeholders' Consultation Committee (SCC) of Unity Infraprojects Limited was held on 08.04.2026 through video conferencing.

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## Issues and analysis

### Issue 1: Whether the Interlocutory Application seeking approval for the replacement of the Liquidator, Mr. …

**Ratio:** The Tribunal found the Interlocutory Application to be in consonance with Section 34(4)

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**Reasoning:** The present Liquidator, Mr. Alok Kailash Saksena, expressed his inability to continue

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**Interpretation:** Section 34(4) of the IBC, 2016, provides for the replacement of a liquidator.

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**Application:** The Tribunal applied Section 34(4) of the IBC, 2016, in conjunction with

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Mr Alok Kailash…; Alok Kailash…
- **Respondents:** Unity Infraproject…
- **Other parties:** Stakeholders…; Umesh Chandra…
- **Advocates:** Sushama S…

## Timeline

- **2021-04-08 — Liquidation Process Initiated & Liquidator…**: The Tribunal initiated Liquidation Process against the Corporate Debtor, Unity…
- **2026-04-04 — Liquidator's Request to…**: Mr. Alok Kailash Saksena, the then Liquidator, sent a letter to the Stakeholders'…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 10 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-10)

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