# In the matter of Bee K Bee Prints Private Limited

> NCLT judgment dated 2025-12-09. Citation: TCN-2025-NCLT-01886. The Operational Creditor, Hukum Chand Gupta Fabrics Pvt. Ltd., filed an application under…

- **Court:** NCLT
- **Order date:** 9 Dec 2025
- **Citation:** TCN-2025-NCLT-01886
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/bee-k-bee-prints-private-limited-a2253b21

## Summary

### Background

The Operational Creditor, Hukum Chand Gupta Fabrics Pvt. Ltd., filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking reliefs related to the CIRP of Bee K Bee Prints Private Limited.

## Facts

Hukum Chand Gupta Fabrics Pvt. Ltd., an Operational Creditor, filed a claim of ₹14,77,87,746, of which ₹9,18,11,557 was provisionally admitted.

The Applicant participated in the CoC meetings as an Operational Creditor and also submitted a Resolution Plan, which was later withdrawn.

The Resolution Professional (RP) filed applications under Section 66 of IBC, 2016, to identify fraudulent transactions.

The Applicant alleges that the Information Memorandum (IM) prepared by the RP is deficient and that assets worth Rs. 65.67 crore have not been mentioned.

The Applicant claims that the Resolution Plan submitted by Urbtech Finvest Pvt. Ltd. offers a mere 0.001% recovery to the Operational Creditors, violating Section 30(2)(b) of the IBC.

…

## Issues and analysis

### Issue 1: Whether the present Application filed under Section 60(5) of the Insolvency and Bankruptcy Code, …

**Ratio:** Section 60(5) vests the Adjudicating Authority with wide residuary jurisdiction to

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**Reasoning:** The Adjudicating Authority considered the applicant's dual role as an Operational

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**Interpretation:** The Adjudicating Authority interpreted Section 60(5) to allow a critical

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**Application:** The Adjudicating Authority applied Section 60(5) to determine that the

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## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** Hukum Chand Gupta…
- **Respondents:** Bee K Bee Prints…; Akhil A…; +1 more
- **Other parties:** Arun Kuma…; Balwant Ra…; +2 more
- **Advocates:** Ashish Upa…; Vasu Bh…; +2 more

## Timeline

- **2025-12-09 — Order Del…**: Order delivered by the NCLT, New Delhi Bench, regarding I.A. NO. 4133 OF 2025 IN C.P. IB…
- **2025-12-18 — Next Listin…**: The matter should be…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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