# In the matter of Magppie Global Houseware Private Limited

> NCLT judgment dated 2025-07-23. Citation: TCN-2025-NCLT-01150. An application was filed by the Resolution Professional, Mr. Ankit Goel, under Section 33(2)…

- **Court:** NCLT
- **Order date:** 23 Jul 2025
- **Citation:** TCN-2025-NCLT-01150
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/magppie-global-houseware-private-limited-86ca8f18

## Summary

### Background

An application was filed by the Resolution Professional, Mr. Ankit Goel, under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, for issuance of directions for liquidation of Corporate Debtor, M/s Magppie Global Houseware Private Limited.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Magppie Global Houseware Private Limited on 15.06.2023.

M/s Jain Metal Traders, an Operational Creditor, filed the application under Section 9 of the Code.

Mr. Girish Kamal Gupta was appointed as the Interim Resolution Professional of the Corporate Debtor.

The CoC comprised of the sole Financial Creditor, M/s UCO Bank Limited, with 100% of voting power.

The CoC rejected the resolution for extension of the CIRP and approved the initiation of liquidation proceedings.

Mr. Ankit Goel, the Resolution Professional, filed an application for initiating the liquidation process.

Mr. Madan Mohan Dhupar was appointed as the Liquidator.

…

## Issues and analysis

### Issue 1: Whether the application for liquidation of …

**Ratio:** Section 33(2) of the Code provides that the Adjudicating Authority shall pass an order

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**Reasoning:** The CoC, with 100% voting share, approved

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**Interpretation:** The Adjudicating Authority is bound to pass an order for liquidation if the CoC

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**Application:** The application for liquidation was

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## Parties

- **Judges:** Anu Jagmoha…; JYOTSNA S…
- **Appellants:** Jain Metal…; Ankit…
- **Respondents:** Magppie Global…
- **Other parties:** UCO Bank L…; Madan Mohan…; +1 more
- **Advocates:** Swechcha…; Sumeet K…

## Timeline

- **2023-06-15 — Initiation…**: Corporate Insolvency Resolution Process initiated against M/s Magppie Global Houseware…
- **2023-06-20 — Public Annou…**: Public announcement made in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 33(2) — Initiation of liquidation](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-33)

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