# In the matter of Nextra Teleservices Private Limited

> NCLT judgment dated 2025-06-09. Citation: TCN-2025-NCLT-00922. An application was filed by Radius Infratel Private Limited (Operational Creditor) to initiate…

- **Court:** NCLT
- **Order date:** 9 Jun 2025
- **Citation:** TCN-2025-NCLT-00922
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/nextra-teleservices-private-limited-f9337937

## Summary

### Background

An application was filed by Radius Infratel Private Limited (Operational Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor, Nextra Teleservices Private Limited. The application was admitted on 19.11.2024, and a moratorium was declared. Mr. Pawan Kumar Singal was appointed as Interim Resolution Professional (IRP).

## Facts

Radius Infratel Private Limited filed an application to initiate CIRP against Nextra Teleservices Private Limited.

The application for CIRP was admitted on 19.11.2024.

Pawan Kumar Singal was appointed as the Interim Resolution Professional (IRP).

Arvind Garg was appointed as the Resolution Professional (RP), replacing the IRP.

The Committee of Creditors (CoC) rejected the resolution plan submitted by Real Value Infotech Projects Private Limited.

The CoC decided to liquidate Nextra Teleservices Private Limited in its 7th meeting held on 16.05.2025.

The RP filed an application for approval of liquidation on 21.05.2025.

Pushpinder Kumar was appointed as the Liquidator.

## Issues and analysis

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

**Ratio:** Section 33(2) of the Insolvency and Bankruptcy Code, 2016, permits the CoC to resolve to

…

**Reasoning:** The CoC, with a 100% majority, passed a resolution seeking liquidation of the Corporate

…

**Interpretation:** The Adjudicating Authority should consider the commercial wisdom of the CoC and

…

**Application:** The application for liquidation is allowed, and the Corporate Debtor is ordered

…

## Parties

- **Judges:** Ramalingam…; RAVINDRA CHATURVED…
- **Appellants:** Radius Infratel…; ARVIND…
- **Respondents:** Nextra Teleservice…
- **Other parties:** Union Bank of…; Pawan Kumar…; +1 more

## Timeline

- **2024-11-19 — Admission…**: Application admitted…
- **2025-01-20 — RP Appoin…**: Arvind Garg appointed as…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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