# In the matter of Piletech Infra Private Limited

> NCLT judgment dated 2025-07-31. Citation: TCN-2025-NCLT-01137. The application was filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016,…

- **Court:** NCLT
- **Order date:** 31 Jul 2025
- **Citation:** TCN-2025-NCLT-01137
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/piletech-infra-private-limited-46376b9e

## Summary

### Background

The application was filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Interim Resolution Professional (IRP) seeking liquidation of the Corporate Debtor, Piletech Infra Private Limited, as no resolution plan was received within the stipulated time.

## Facts

The Applicant, Dipti Mehta, is the Interim Resolution Professional (IRP) of Piletech Infra Private Limited.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Piletech Infra Private Limited vide order dated 16.10.2019.

The IRP issued a public announcement on 15.11.2019, inviting creditors to file their claims.

The Committee of Creditors (CoC) comprised of a sole financial creditor, SREI Equipment Finance Limited.

The CoC proposed the name of Mr. Asish Narayan as the Resolution Professional, but the appointment was not finalized.

The CoC unanimously resolved to liquidate the Corporate Debtor in its 9th meeting held on 27.06.2020.

The CoC proposed the name of Mr. S. Gopalakrishnan to be appointed as the liquidator during the hearing on 23.06.2025.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be liquidated under Section 33(1)(a) of the Insolvency and …

**Ratio:** Section 33(1)(a) of the IBC mandates liquidation if no resolution plan is received before

…

**Reasoning:** The CoC did not receive any resolution plan within the stipulated time, and therefore,

…

**Interpretation:** The absence of a resolution plan triggers the mandatory liquidation process

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**Application:** Since no resolution plan was received, the Adjudicating Authority correctly

…

## Parties

- **Judges:** LAKSHMI G…; Hariharan…
- **Appellants:** Dipti M…
- **Respondents:** Piletech Infra…
- **Other parties:** SREI Equipment…; Asish Na…; +3 more
- **Advocates:** Shadab…; Tanmay K…; +1 more

## Timeline

- **2019-10-16 — Commencement…**: Corporate Insolvency Resolution Process (CIRP) of Piletech Infra Private Limited…
- **2019-11-15 — Public Annou…**: The IRP issued a public announcement…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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