# Noma Infrastructure Private Limited vs. G. S. Constro & Infra Private Limited

> NCLT judgment dated 2026-05-12. Citation: TCN-2026-NCLT-00510. The Corporate Insolvency Resolution Process (CIRP) was initiated against G. S. Constro & Infra…

- **Court:** NCLT
- **Order date:** 12 May 2026
- **Citation:** TCN-2026-NCLT-00510
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/noma-infrastructure-private-limited-vs-g-s-constro-infra-private-limited-p2esm

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) was initiated against G. S. Constro & Infra Private Limited. The Resolution Professional (RP) filed an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings for the Corporate Debtor, as no resolution plan was received within the stipulated CIRP period.

## Facts

An application was filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by Shri. Bhaskar Gopal Shetty (Applicant/Resolution Professional) seeking initiation of liquidation process for G. S. Constro & Infra Private Limited (Corporate Debtor).

The Corporate Insolvency Resolution Process (CIRP) was initiated against G. S. Constro & Infra Pvt. Ltd. by the Tribunal vide order dated 20.10.2023.

Shri. Bhaskar Gopal Shetty was appointed as the Resolution Professional (RP) vide order dated 22.10.2024.

The Committee of Creditors (CoC) was reconstituted, comprising Godavari Urban Multistate Credit Co-operative Society Limited (62.56% voting share), Noma Infrastructure Pvt. Ltd. (37.21% voting share), and Mr. Prasad Balkrishna Keni (0.23% voting share).

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor, G. S. Constro & Infra Private Limited, should be liquidated under …

**Ratio:** Section 33(1) of the Insolvency and Bankruptcy Code, 2016, mandates the Adjudicating

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**Reasoning:** The Corporate Insolvency Resolution Process (CIRP) for G. S. Constro & Infra Private

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**Interpretation:** Section 33(1) unequivocally provides for the initiation of liquidation

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**Application:** In the present case, since the CIRP period for G. S. Constro & Infra

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## Parties

- **Judges:** NILESH S…; Charanjeet Singh…
- **Appellants:** Noma Infrastructur…; Bhaskar Gopal…
- **Respondents:** G. S. Constro &…
- **Other parties:** Godavari Urban…; Noma Infrastructur…; +3 more
- **Advocates:** CS Nithish…; Rikin Y…

## Timeline

- **2023-10-20 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) initiated against G. S. Constro & Infra…
- **2024-10-22 — RP Appoin…**: Shri. Bhaskar Gopal Shetty appointed as…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 19(2) — Personnel to extend co-operation to interim…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-19)

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