# In the matter of TAURIAN ENGINEERING PRIVATE LIMITED

> NCLT judgment dated 2025-09-04. Citation: TCN-2025-NCLT-01388. Several IAs (4003/2025, 3523/2025, 3549/2025, 3574/2025, and 3606/2025) were filed in relation…

- **Court:** NCLT
- **Order date:** 4 Sept 2025
- **Citation:** TCN-2025-NCLT-01388
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/taurian-engineering-private-limited-0fb6c645

## Summary

### Background

Several IAs (4003/2025, 3523/2025, 3549/2025, 3574/2025, and 3606/2025) were filed in relation to the Corporate Insolvency Resolution Process (CIRP) of Taurian Engineering Private Limited.

## Facts

IA 4003/2025 was filed by the Liquidator to take on record the 1st Quarter report, which was taken on record and the IA was disposed of.

IA 3523/2025 was filed for the change of Liquidator, replacing Mr. Rakesh Chaturvedi with Mr. Vikas Kiyani, and was allowed.

IA 3549/2025 sought consideration under Section 60(5) read with Regulation 31A regarding the Stakeholders' Consultation Committee, and was allowed.

IA 3574/2025 sought consideration under Section 60(5) read with Regulation 34 regarding the Asset Memorandum of Taurian Engineering Private Limited, and was allowed.

IA 3606/2025 sought consideration under Section 60(5) read with Regulation 13 regarding the preliminary report of the Corporate Debtor, and was allowed.

## Issues and analysis

### Issue 1: Whether the 1st Quarter report submitted by …

**Ratio:** The court has the power to take reports on

…

**Reasoning:** Taking the report on record ensures transparency and compliance with regulatory

…

**Interpretation:** The court interprets the regulations to allow for the submission and recording

…

**Application:** The court applied this interpretation by taking the 1st Quarter report on

…

## Parties

- **Judges:** SANJIV…; ASHISH…
- **Appellants:** Gatik Conglomerate…
- **Respondents:** Taurian Engineerin…
- **Other parties:** Vikas K…; Rakesh Chat…
- **Advocates:** Ayush R…; Mitali…

## Timeline

- **2025-04-04 — Start Da…**: Start date of the quarter ended for which the Liquidator submitted the report in IA…
- **2025-06-30 — End Date…**: End date of the quarter ended for which the Liquidator submitted the report in IA…

## 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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