# In the matter of Roofit Industries Limited

> NCLT judgment dated 2025-06-04. Citation: TCN-2025-NCLT-00938. The case pertains to the liquidation of Roofit Industries Ltd under the Insolvency and…

- **Court:** NCLT
- **Order date:** 4 Jun 2025
- **Citation:** TCN-2025-NCLT-00938
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/roofit-industries-limited-1cc7f1c9

## Summary

### Background

The case pertains to the liquidation of Roofit Industries Ltd under the Insolvency and Bankruptcy Code, 2016. The incumbent Liquidator was found guilty in an inquiry and expressed unwillingness to continue duties.

## Facts

The incumbent Liquidator was found guilty in an inquiry conducted by the disciplinary committee.

The incumbent Liquidator tendered his unwillingness to discharge his duties as the Liquidator of the Corporate Debtor.

The court directed the incumbent Liquidator to convene a meeting of Stakeholders' Consultation Meeting.

Mr. Anshul Gupta is appointed as the new Liquidator.

The outgoing Liquidator is directed to handover all records to the newly appointed Liquidator.

The matter is adjourned to 07.07.2025 for further consideration.

## Issues and analysis

### Issue 1: Whether a new Liquidator should be appointed due to the incumbent Liquidator's inability to …

**Ratio:** The court has the power to appoint a new Liquidator to ensure the continuation of the

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**Reasoning:** The incumbent Liquidator was found guilty and expressed unwillingness to continue,

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**Interpretation:** The court interprets the IBC to allow for the replacement of a Liquidator when

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**Application:** The court applied this interpretation by appointing Mr. Anshul Gupta as the new

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## Parties

- **Judges:** Prabhat…; V.G. B…
- **Respondents:** Roofit Industries…
- **Other parties:** Anshul…; Ankit D…
- **Advocates:** Ankit D…

## Timeline

- **2025-01-20 — Matter L…**: The matter was listed…
- **2025-06-04 — Order Sheet of…**: Order sheet of the…

## 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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