# Mr. Hitesh Kothari, Liquidator vs. Mahavir Metal Works Private Limited

> NCLT judgment dated 2026-07-07. Citation: TCN-2026-NCLT-00602. Mr. Hitesh Kothari, Liquidator of Mahavir Metal Works Private Limited, filed an application for…

- **Court:** NCLT
- **Order date:** 7 Jul 2026
- **Citation:** TCN-2026-NCLT-00602
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/mr-hitesh-kothari-liquidator-vs-mahavir-metal-works-private-limited-w05e2

## Summary

### Background

Mr. Hitesh Kothari, Liquidator of Mahavir Metal Works Private Limited, filed an application for voluntary liquidation under Section 59 of the IBC. The company's directors recommended liquidation due to lack of business and future prospects, and shareholders subsequently approved it, appointing Mr. Kothari as Liquidator.

## Facts

Mr. Hitesh Kothari, Liquidator of Mahavir Metal Works Private Limited, filed an Application for Voluntary Liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016.

Mahavir Metal Works Private Limited (CIN: U74899MH1968PTC323075) was incorporated on 24.06.1968 in Delhi.

The Registered Office of the Company was shifted to Maharashtra, and a fresh Certificate of Incorporation was issued on 26.03.2019.

The Corporate Person was engaged in the Metal Business.

Due to non-availability of business and future prospects, the Board of Directors resolved on 14.12.2023 to recommend voluntary liquidation.

…

## Issues and analysis

### Issue 1: Whether the voluntary liquidation process of Mahavir Metal Works Private Limited has been completed …

**Ratio:** The NCLT found that all necessary compliances under the IBC and the Voluntary Liquidation

…

**Reasoning:** The Liquidator filed the application under Section 59 of IBC. Directors recommended

…

**Interpretation:** Section 59 of the IBC and the Voluntary Liquidation Process Regulations outline

…

**Application:** The Liquidator, Mr. Hitesh Kothari, followed the prescribed steps, including

…

## Parties

- **Judges:** ANIL RAJ C…; K. R. SAJI…
- **Appellants:** Hitesh Ko…
- **Respondents:** Mahavir Metal…
- **Other parties:** Board of Directors…; Employees…
- **Advocates:** Sneha S…; V. Madhu…

## Timeline

- **1968-06-24 — Incorpor…**: Mahavir Metal Works Private Limited was…
- **2019-03-26 — Registered Off…**: A fresh Certificate of Incorporation was issued after the Registered Office of the…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-mumbai/mr-hitesh-kothari-liquidator-vs-mahavir-metal-works-private-limited-w05e2