# ULTRATECH CEMENT LTD vs. ANIIRUDH CIVIL ENGINEERS & CONTRACTORS PVT LTD

> NCLT judgment dated 2026-08-24. Citation: TCN-2026-NCLT-01008. An application (IA(I.B.C)/3643(MB)2026) was filed by one of the SCC Members seeking a change of…

- **Court:** NCLT
- **Order date:** 24 Aug 2026
- **Citation:** TCN-2026-NCLT-01008
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/ultratech-cement-ltd-vs-aniirudh-civil-engineers-contractors-pvt-ltd-grlvg

## Summary

### Background

An application (IA(I.B.C)/3643(MB)2026) was filed by one of the SCC Members seeking a change of the Liquidator. The Stakeholders' Consultative Committee (SCC) had approved this change in its meeting held on February 16, 2026, resolving to replace the existing Liquidator and appoint Mr. Vijay Kulshrestha as the new Liquidator.

## Facts

An application (IA(I.B.C)/3643(MB)2026) was filed by one of the SCC Members for a change of the Liquidator.

The change of Liquidator was approved by the SCC in its meeting held on 16.02.2026.

At the meeting on 16.02.2026, the SCC resolved to replace the existing Liquidator and appoint Mr. Vijay Kulshrestha as the new Liquidator.

The Ld. Counsel for the Applicant submitted that the fee payable to the existing Liquidator is being settled.

An undertaking given by the Counsel for the Applicant for the settlement of the fee of the existing Liquidator was taken on record.

## Issues and analysis

### Issue 1: Whether the application for the change of Liquidator, as recommended by the SCC, should be allowed …

**Ratio:** The Tribunal allowed the application for the change of Liquidator based on the

…

**Reasoning:** The SCC, in its meeting on 16.02.2026, resolved to replace the existing Liquidator and

…

**Interpretation:** The Tribunal interpreted the SCC's resolution and recommendation as a valid and

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**Application:** By allowing the application, the Tribunal applied the principle of respecting

…

## Parties

- **Judges:** ANIL RAJ C…; ASHISH…
- **Appellants:** Ultratech Cement…; SCC Mem…
- **Respondents:** ANIIRUDH CIVIL…
- **Other parties:** Vijay Kulsh…; existing Liquidato…
- **Advocates:** Ojas…

## Timeline

- **2026-02-16 — SCC Meeting and…**: The SCC held a meeting where it approved and resolved to replace the existing Liquidator…
- **2026-08-24 — Order Sheet of…**: The NCLT issued an order allowing the application for the change of Liquidator,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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