# Mr. Girish Krishna Hingorani (RP of Simon Shipping Private Limited) vs. Simon Shipping Private Limited

> NCLT judgment dated 2026-09-23. Citation: TCN-2026-NCLT-01033. The Corporate Insolvency Resolution Process (CIRP) for Simon Shipping Private Limited was…

- **Court:** NCLT
- **Order date:** 23 Sept 2026
- **Citation:** TCN-2026-NCLT-01033
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/mr-girish-krishna-hingorani-resolution-professional-of-simons-shipping-private-l-jzr5p

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) for Simon Shipping Private Limited was initiated on 10.07.2023 by Marguisa Shipping Lines S.L.U, an Operational Creditor. Ms. Snehal Arvind Kamdar was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. Girish Krishna Hingorani as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, and Expressions of Interest (EOI) were invited, but no resolution plan was received. The CIRP period, including extensions, expired on 15.05.2024. An earlier application for liquidation under Section 33(2) of the IBC was dismissed by the Tribunal on 27.01.2026 because it was filed after the expiry of the CIRP period.

## Facts

The Corporate Insolvency Resolution Process (CIRP) of Simon Shipping Private Limited was initiated on 10.07.2023 by Marguisa Shipping Lines S.L.U (Operational Creditor) under Section 9 of the IBC.

Ms. Snehal Arvind Kamdar was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.

The IRP made a Public Announcement in Form A on 13.07.2023, inviting claims from creditors by 25.07.2023.

The Committee of Creditors (CoC) was constituted, and its report was taken on record on 11.08.2023.

The IRP issued a Public Announcement in Form G on 23.09.2023, inviting Expression of Interest (EOI) for resolution plans, with a last date of 08.10.2023, but no EOI was received.

…

## Issues and analysis

### Issue 1: Whether the present Interlocutory Application (IA (LIQ) No. 17 of 2026) for liquidation of the …

**Ratio:** The Adjudicating Authority shall pass a liquidation order if it does not receive a

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**Reasoning:** The CIRP period for Simon Shipping Private Limited, including extensions, expired on

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**Interpretation:** Section 33(1)(a) of the IBC mandates the Adjudicating Authority to initiate

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**Application:** Given that no resolution plan was received for Simon Shipping Private Limited

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## Parties

- **Judges:** SH. VINAY…; SH. CHARANJEET…
- **Appellants:** Girish Krishna…; Girish Krishna…; +1 more
- **Respondents:** Simons Shipping…
- **Other parties:** Committee of…; Snehal Arvind…; +1 more
- **Advocates:** Bhupendra…

## Timeline

- **2023-07-10 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) of Simon Shipping Private Limited was…
- **2023-07-13 — Public Announcement by…**: The IRP made a Public Announcement in Form A, inviting claims from the creditors of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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