# In the matter of RUSHABH CIVIL CONTRACTORS PRIVATE LIMITED

> NCLT judgment dated 2026-01-06. Citation: TCN-2026-NCLT-00051. The case involves an application for liquidation of Rushabh Civil Contractors Private Limited…

- **Court:** NCLT
- **Order date:** 6 Jan 2026
- **Citation:** TCN-2026-NCLT-00051
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/rushabh-civil-contractors-private-limited-b404182a

## Summary

### Background

The case involves an application for liquidation of Rushabh Civil Contractors Private Limited after the CIRP period expired and no viable resolution plan was received. The CIRP was initiated on 27.06.2022 but was stalled due to a stay order. The CoC resolved to liquidate the Corporate Debtor.

## Facts

CIRP was initiated against Rushabh Civil Contractors Private Limited on 27.06.2022.

The CIRP was stalled due to a stay order dated 12.07.2022.

The stay was vacated on 15.10.2024, resulting in only 15 effective days of CIRP.

The CIRP period expired on 12.07.2025.

The CoC resolved to liquidate the Corporate Debtor on 06.11.2025.

No viable resolution plan was received during the CIRP period.

Sandeep Kulkarni was appointed as the Liquidator.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be liquidated due to the expiry of the CIRP period and the …

**Ratio:** Section 33(1) of the IBC mandates liquidation of the Corporate Debtor on expiry of the

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**Reasoning:** The CIRP period had expired, and no application for extension was filed. No resolution

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**Interpretation:** The tribunal interpreted Section 33(1) as requiring liquidation in the absence

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**Application:** The tribunal applied Section 33(1) and ordered the liquidation of the Corporate

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Gajendra Investmen…
- **Respondents:** Rushabh Civil…; Rushabh Civil…
- **Other parties:** Sandeep Jayant…; Sandeep Ku…
- **Advocates:** Mily Gh…

## Timeline

- **2022-06-27 — CIRP Init…**: Corporate Insolvency Resolution Process…
- **2022-07-12 — Stay Ord…**: CIRP stalled due to a…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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