# In the matter of Sunshine Housing and Infrastructure Private Limited

> NCLT judgment dated 2025-06-02. Citation: TCN-2025-NCLT-00947. The Corporate Insolvency Resolution Process (CIRP) commenced on 08.05.2019, and a resolution…

- **Court:** NCLT
- **Order date:** 2 Jun 2025
- **Citation:** TCN-2025-NCLT-00947
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/sunshine-housing-and-infrastructure-private-limited-eb2acc4f

## Summary

### Background

IA(I.B.C)/1290( MB)2025 is an application filed by one of the COC members alleging another COC member to be a related partner of the Corporate Debtor and seek exclusion of such person from the COC.

## Facts

CIRP commenced on 08.05.2019.

Resolution Plan approved on 11.02.2022 was not implemented.

Extended CIRP period of 330 days expired with no new resolution plan.

Tribunal allowed re-initiation of CIRP on 24.06.2024 and appointed Mr. Gaurav Adukia.

Resolution Professional did not seek extension after Form G publication.

Tribunal ordered liquidation under Section 33(1)(a) of the Code, 2016.

Mr. Gaurav Adukia appointed as Liquidator.

Moratorium under Section 14 of IBC 2016 ceases.

Liquidator to issue public announcement of liquidation.

IA 563/2025 filed by Prithvi Sthapti LLP seeking admission of claim was disposed of as infructuous.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor should be liquidated due to the failure of the resolution plan and the …

**Ratio:** Section 33(1)(a) of the

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**Reasoning:** The resolution plan failed, the extended CIRP period expired, and no new plan was

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**Interpretation:** The Tribunal has the power to order

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**Application:** The Tribunal ordered liquidation of Sunshine Housing and Infrastructure Private

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## Parties

- **Judges:** Prabhat…; V.G. B…
- **Appellants:** ICICI Prudential…; Prithvi Sthapti…
- **Respondents:** Sunshine Housing…
- **Other parties:** Gaurav A…
- **Advocates:** Rajan Ag…; Rohan Ag…

## Timeline

- **2019-05-08 — CIRP Commen…**: Corporate Insolvency…
- **2022-02-11 — Resolution Plan…**: Resolution Plan was…

## 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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