# Kapil Dev Taneja (Resolution Professional) vs. M/s Worlds Window Impex India Private Limited

> NCLT judgment dated 2026-07-10. Citation: TCN-2026-NCLT-00604. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Worlds Window…

- **Court:** NCLT
- **Order date:** 10 Jul 2026
- **Citation:** TCN-2026-NCLT-00604
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/kapil-dev-taneja-resolution-professional-vs-ms-worlds-window-impex-india-private-mkr42

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Worlds Window Impex India Private Limited ('Corporate Debtor') based on a Company Petition filed by State Bank of India, the Financial Creditor. Mr. Sanjay Gupta was appointed as the Interim Resolution Professional (IRP). A public announcement was made, claims were verified, and the Committee of Creditors (CoC) was constituted. Expressions of Interest (EOIs) were invited, leading to the submission of two resolution plans by RKG Fund-I and Dickey Asset Management Private Limited.

## Facts

IA/1436/ND/2023 was filed by Mr. Kapil Dev Taneja, Resolution Professional, seeking liquidation of M/s Worlds Window Impex India Private Limited ('Corporate Debtor') under Section 33(1) of the IBC, 2016.

Company Petition (IB) No. 376/ND/2020, filed by State Bank of India (Financial Creditor) under Section 7 of the Code, was admitted on 23.12.2021, initiating CIRP against the Corporate Debtor.

Mr. Sanjay Gupta was appointed as the Interim Resolution Professional (IRP).

The IRP made a public announcement in Form-A on 25.12.2021, with the last date for claims fixed as 07.01.2022.

One operational creditor and three financial creditors' claims were received and admitted.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor, M/s Worlds Window Impex India Private Limited, should be liquidated …

**Ratio:** The Adjudicating Authority is mandated to pass an order for liquidation if, before the

…

**Reasoning:** The Committee of Creditors (CoC), in its commercial wisdom, deliberated upon the two

…

**Interpretation:** Section 33(1) of the IBC, 2016, establishes the legal framework for initiating

…

**Application:** Given that the CoC, with a 98.26% voting share, rejected both resolution plans

…

## Parties

- **Judges:** JYOTSNA S…; Anu Jagmoha…
- **Appellants:** Kapil Dev…
- **Respondents:** M/s Worlds Window…
- **Other parties:** Committee of…; Board of Di…; +5 more
- **Advocates:** P. Na…; Siddharth…; +9 more

## Timeline

- **2021-12-23 — CIRP Init…**: Company Petition (IB) No. 376/ND/2020 filed by State Bank of India was admitted,…
- **2021-12-25 — Public Annou…**: The IRP made a public announcement in Form-A…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33(1) — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-new-delhi/kapil-dev-taneja-resolution-professional-vs-ms-worlds-window-impex-india-private-mkr42