# M/s. Five Ess Precision Components Pvt. Ltd. vs. M/s. Hema Automotive Pvt. Ltd.

> NCLT judgment dated 2026-08-18. Citation: TCN-2026-NCLT-00894. An application (IA/3913/2026) was filed under Regulation 8B of IBBI (Liq. Process) Reg., 2016,…

- **Court:** NCLT
- **Order date:** 18 Aug 2026
- **Citation:** TCN-2026-NCLT-00894
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/ms-five-ess-precision-components-pvt-ltd-vs-ms-hema-automotive-pvt-ltd-obwp8

## Summary

### Background

An application (IA/3913/2026) was filed under Regulation 8B of IBBI (Liq. Process) Reg., 2016, read with Section 60(5) of IBC, 2016, and Rule 11 NCLT Rules, 2016. The application sought the appointment of Mr. Hans Raj Bhogra as the Liquidator of M/s. Hema Automotive Private Limited (In Liquidation), replacing Mr. Umesh Gupta, based on a 100% voting resolution by the Committee of Creditors (CoC) on August 6, 2026.

## Facts

An application (IA/3913/2026) was filed under Regulation 8B of IBBI (Liq. Process) Reg., 2016, r/w Sec 60(5) of IBC, 2016 & Rule 11 NCLT Rules, 2016.

The application sought the appointment of Mr. Hans Raj Bhogra as the Liquidator of M/s. Hema Automotive Private Limited (In Liquidation).

Mr. Hans Raj Bhogra was proposed to replace Mr. Umesh Gupta as the Liquidator.

The Committee of Creditors (CoC) passed a resolution on August 6, 2026, with 100% voting, approving the replacement of the Liquidator.

The applicant was authorized to file the application for replacement.

Mr. Hans Raj Bhogra's registration number is IBBI/IPA-003/IPP-N00389/2021-2022/13940.

The registration certificate and consent of Mr. Hans Raj Bhogra were brought on record.

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## Issues and analysis

### Issue 1: Whether Mr. Hans Raj Bhogra should be appointed as the Liquidator of M/s. Hema Automotive Private …

**Ratio:** The CoC's resolution for replacement of a liquidator with 100% voting is a strong basis

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**Reasoning:** The CoC passed a resolution with 100% voting to replace Mr. Umesh Gupta with Mr. Hans Raj

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**Interpretation:** Regulation 8B of IBBI (Liq. Process) Reg., 2016, read with Section 60(5) of

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**Application:** The Tribunal, acknowledging the CoC's unanimous decision and the new

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## Parties

- **Judges:** JYOTSNA S…; Anu Jagmoha…
- **Appellants:** M/s. Five Ess…
- **Respondents:** M/s. Hema…; M/s. Hema…
- **Other parties:** CoC…; Hero Fincor…; +2 more
- **Advocates:** Sanjeev…; Sandipa Bhattachar…; +5 more

## Timeline

- **2026-08-06 — CoC Resol…**: The Committee of Creditors (CoC) passed a resolution with 100% voting to replace Mr.…
- **2026-08-18 — Order Del…**: The NCLT delivered the order in a hybrid hearing, disposing of IA/3913/2026 and approving…

## 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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