# Centerpiece Business Solutions Pvt. Ltd. vs. Registrar of Companies

> NCLT judgment dated 2026-10-07. Citation: TCN-2026-NCLT-01160. Centerpiece Business Solutions Pvt. Ltd., incorporated on 06.04.2021, engaged in BPO and…

- **Court:** NCLT
- **Order date:** 7 Oct 2026
- **Citation:** TCN-2026-NCLT-01160
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/centerpiece-business-solutions-private-limited-gp4t2

## Summary

### Background

Centerpiece Business Solutions Pvt. Ltd., incorporated on 06.04.2021, engaged in BPO and IT-enabled services. Due to non-availability of further business prospects and financial non-viability, its Board of Directors decided on 15.10.2025 to initiate voluntary liquidation under Section 59 of the IBC. A special resolution was passed by shareholders on the same date, appointing Mr. Hardev Singh as the Liquidator. The company declared solvency, stating it could pay its debts in full and had no pending litigations.

## Facts

Centerpiece Business Solutions Pvt. Ltd. was incorporated on 06.04.2021 as a private limited company.

The company's business involved end-to-end business process outsourcing and IT-enabled services.

On 15.10.2025, the Board of Directors decided to wind up the company voluntarily due to non-availability of further business prospects and financial non-viability.

A Declaration of Solvency was executed by a majority of directors (Mr. Gauri Shankar Malpani and Mr. Rohit Shrivastava) on 15.10.2025, stating the company could pay its debts in full and was not being liquidated to defraud.

Shareholders, at an EGM on 15.10.2025, passed a special resolution for voluntary liquidation and appointed Mr. Hardev Singh as Liquidator with a remuneration of Rs. 1,00,000/-.

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## Issues and analysis

### Issue 1: Whether the Corporate Person, Centerpiece Business Solutions Pvt. Ltd., has complied with all the …

**Ratio:** The NCLT must be satisfied that all statutory requirements for voluntary liquidation,

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**Reasoning:** The document details the filing of the Declaration of Solvency by a majority of directors

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**Interpretation:** Compliance with Section 59 and the VLP Regulations ensures that the voluntary

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**Application:** The NCLT, upon perusing the documents and hearing the liquidator and RoC, found

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## Parties

- **Judges:** ANUPINDER SINGH…; RAVINDRA CHATURVED…
- **Respondents:** Centerpiece…; Registrar of…
- **Other parties:** Sushant Kumar…; Rohit Shriv…; +2 more
- **Advocates:** Lokesh D…; Ashima…; +4 more

## Timeline

- **2021-04-06 — Incorpor…**: Centerpiece Business Solutions Pvt. Ltd.…
- **2025-10-15 — Board Meetin…**: Board of Directors decided to wind up the company; shareholders passed a special…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 59 — Voluntary liquidation of corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-59)

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