# In the matter of INDIAN TECHNOMETAL COMPANY LIMITED

> NCLT judgment dated 2026-02-05. Citation: TCN-2026-NCLT-00156. The case pertains to an application filed for the liquidation of Indian Technometal Company…

- **Court:** NCLT
- **Order date:** 5 Feb 2026
- **Citation:** TCN-2026-NCLT-00156
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/indian-technometal-company-limited-8589fb88

## Summary

### Background

The case pertains to an application filed for the liquidation of Indian Technometal Company Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016.

## Facts

Central Bank of India filed an application for liquidation of Indian Technometal Company Limited.

The Committee of Creditors (CoC) rejected the resolution plan with 98.16% vote share.

The Resolution Professional (RP) did not apply for an extension of the CIRP period, which expired on 14.12.2025.

The Adjudicating Authority invoked Section 33(1)(a) of the IBC, 2016 to order liquidation.

Mr. Shamsher Bahadur Singh was appointed as the Liquidator.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority should order liquidation of the Corporate Debtor under Section …

**Ratio:** Section 33(1)(a) of the IBC, 2016 mandates the Adjudicating Authority to pass an order

…

**Reasoning:** The CoC rejected the resolution plan, and the RP did not seek an extension of the CIRP

…

**Interpretation:** The Adjudicating Authority interprets Section 33(1)(a) as requiring liquidation

…

**Application:** The Adjudicating Authority applied Section 33(1)(a) and ordered the liquidation

…

## Parties

- **Judges:** Sh. Ashok Kumar…; Reena Sinh…
- **Appellants:** Central Bank of…
- **Respondents:** Indian Technometal…
- **Other parties:** Committee of…; Canara…; +9 more
- **Advocates:** Abhishek…; Karan K…; +1 more

## Timeline

- **2026-02-05 — Order Del…**: Order for liquidation of the…
- **2025-12-14 — CIRP Exp…**: The period of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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