# Anshul Sharma, Liquidator of Shri Nath Residenci Pvt. Ltd. vs. Shri Nath Residenci Pvt. Ltd.

> NCLT judgment dated 2026-09-03. Citation: TCN-2026-NCLT-00993. Bank of Baroda, as a Financial Creditor, initiated Corporate Insolvency Resolution Process…

- **Court:** NCLT
- **Order date:** 3 Sept 2026
- **Citation:** TCN-2026-NCLT-00993
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/anshul-sharma-liquidator-of-shri-nath-residenci-pvt-ltd-vs-shri-nath-residenci-p-8vvl8

## Summary

### Background

Bank of Baroda, as a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Shri Nath Residenci Pvt. Ltd. (Corporate Debtor) under Section 7 of the IBC, 2016. The Adjudicating Authority admitted the petition on 05.01.2023, and Mr. Sajjan Kumar Dokania was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Due to the absence of any resolution plan, the Corporate Debtor was ordered to be liquidated under Section 33 of the Code on 16.02.2024, with Mr. Anshul Sharma appointed as the Liquidator.

## Facts

Bank of Baroda filed a petition under Section 7 of the IBC against M/s Shri Nath Residenci Pvt. Ltd.

The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 05.01.2023.

Mr. Sajjan Kumar Dokania was appointed as the Interim Resolution Professional (IRP).

The 1st meeting of the Committee of Creditors (CoC) on 04.02.2023 confirmed Mr. Dokania as the Resolution Professional (RP).

No resolution plan was received for the Corporate Debtor.

Liquidation commenced on 16.02.2024, and Mr. Anshul Sharma was appointed as the Liquidator.

The Liquidator made a public announcement in prescribed Form B on 06.03.2024, inviting claims from all stakeholders.

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor, M/s Shri Nath Residenci Pvt. Ltd., should be dissolved under Section …

**Ratio:** A corporate debtor can be dissolved if its assets have been completely liquidated, and

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**Reasoning:** The Liquidator, Mr. Anshul Sharma, demonstrated diligent conduct throughout the

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**Interpretation:** Section 54(1) of the IBC mandates that a liquidator must apply for the

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**Application:** In the present case, the Liquidator successfully liquidated all realizable

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## Parties

- **Judges:** ANUPINDER SINGH…; RAVINDRA CHATURVED…
- **Appellants:** Anshul Sharma,…; Anshul S…; +1 more
- **Respondents:** Nath Residenci…
- **Other parties:** Committee of…; Ex-Dire…; +3 more
- **Advocates:** Iswar Moh…

## Timeline

- **2023-01-05 — CIRP Commencement & IRP…**: Corporate Debtor admitted into CIRP; Mr. Sajjan Kumar Dokania appointed Interim…
- **2023-02-04 — 1st CoC M…**: First Committee of Creditors (CoC) meeting held; IRP Mr. Sajjan Kumar Dokania confirmed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 54 — Dissolution of corporate debtor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-54)

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