# In the matter of VIJSUN ENGINEERS PRIVATE LIMITED

> NCLT judgment dated 2025-11-18. Citation: TCN-2025-NCLT-01735. The case involves an Interlocutory Application filed by the Resolution Professional under…

- **Court:** NCLT
- **Order date:** 18 Nov 2025
- **Citation:** TCN-2025-NCLT-01735
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/vijsun-engineers-private-limited-d6517baf

## Summary

### Background

The case involves an Interlocutory Application filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, for initiating the Liquidation Process against Vijsun Engineers Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 10.10.2019.

## Facts

CIRP was initiated against Vijsun Engineers Pvt. Ltd. on 10.10.2019.

Public announcement of CIRP commencement was issued on 14.10.2019.

The Corporate Debtor was not a going concern since 31.03.2016.

The CoC was constituted by a Sole Secured Financial Creditor.

No resolution plan was received from any prospective resolution applicant.

The CoC resolved to initiate liquidation proceedings with a 100% vote.

Mr. Charudutt Marathe gave written consent to act as the Liquidator.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority is justified in ordering the liquidation of the Corporate Debtor …

**Ratio:** Section 33 of the Insolvency

…

**Reasoning:** The Adjudicating Authority has the power to pass an order of liquidation if no resolution

…

**Interpretation:** Section 33 allows the Adjudicating Authority to order liquidation when no

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**Application:** The Adjudicating Authority correctly applied Section 33 by ordering liquidation

…

## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Gautam Iron &…; Charudutt M…
- **Respondents:** Vijsun Engineers…
- **Advocates:** Nikhil R…

## Timeline

- **2019-10-10 — CIRP Init…**: Corporate Insolvency Resolution Process…
- **2019-10-14 — Public Annou…**: Applicant issued Public Announcement…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33 — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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