# In the matter of TAURIAN ENGINEERING PRIVATE LIMITED

> NCLT judgment dated 2025-09-04. Citation: TCN-2025-NCLT-01389. The case involves multiple IAs (Interlocutory Applications) filed in a corporate insolvency…

- **Court:** NCLT
- **Order date:** 4 Sept 2025
- **Citation:** TCN-2025-NCLT-01389
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/taurian-engineering-private-limited-43fb3f1b

## Summary

### Background

The case involves multiple IAs (Interlocutory Applications) filed in a corporate insolvency resolution process under the IBC. The IAs pertain to taking reports on record, change of liquidator, constitution of stakeholders' consultation committee, and asset memorandum.

## Facts

IA 4003/2025 was filed by the Liquidator to take on record the 1st Quarter report for the quarter ended from 04/04/2025 to 30/06/2025, and it was disposed of.

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

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

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

…

## Issues and analysis

### Issue 1: Whether the applications filed under Section 60(5) of the IBC, read with relevant IBBI regulations, …

**Ratio:** The applications are maintainable as they pertain to procedural aspects of the

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**Reasoning:** The court considered the provisions of Section 60(5) of the IBC and the relevant IBBI

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**Interpretation:** Section 60(5) provides the NCLT with the jurisdiction to entertain any

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**Application:** The court applied Section 60(5) to allow the applications, ensuring that the

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## Parties

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

## Timeline

- **04.09.2025 — Order Shee…**: Order sheet of hearing…
- **04/04/2025 — 1st Quarter St…**: Start date of the 1st Quarter…

## 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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