# Oriental Bank of Commerce vs. AVJ Infrastructure Private Limited

> NCLT judgment dated 2026-05-11. Citation: TCN-2026-NCLT-00513. M/s AVJ Infrastructure Private Limited (CD) was admitted into Corporate Insolvency Resolution…

- **Court:** NCLT
- **Order date:** 11 May 2026
- **Citation:** TCN-2026-NCLT-00513
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/oriental-bank-of-commerce-vs-avj-infrastructure-private-limited-ae87698c

## Summary

### Background

M/s AVJ Infrastructure Private Limited (CD) was admitted into Corporate Insolvency Resolution Process (CIRP) on 30.09.2019 and subsequently into liquidation on 06.11.2020. The Liquidator, Mr. Brijender Singh Deswal, filed an application for dissolution of the CD under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Regulation 14 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The liquidation process involved public announcements, collation of claims from financial and operational creditors, formation of a Stakeholders Consultation Committee (SCC), valuation of assets, and multiple extensions of the liquidation period. Not Readily Realizable Assets (NRRAs), including disputed sand and avoidance

…

## Facts

IA (I.B.C)/Dis./40(PB)2025 is an application for dissolution of M/s AVJ Infrastructure Private Limited (CD) filed by Liquidator Mr. Brijender Singh Deswal under Section 54 of IBC, 2016.

M/s AVJ Infrastructure Private Limited (CD) was admitted into CIRP on 30.09.2019.

The CD was admitted into liquidation under Section 33 of the Code on 06.11.2020, and Mr. Brijender Singh Deswal was appointed as the Liquidator.

The Liquidator made a Public Announcement in FORM-B on 10.11.2020 for submission of claims.

Claims from financial creditors (Punjab National Bank) and operational creditors (Income Tax Department) were collated and verified.

A Stakeholders Consultation Committee (SCC) was formed on 09.01.2021 and held multiple meetings.

…

## Issues and analysis

### Issue 1

**Ratio:** The Adjudicating Authority is inclined to allow the dissolution of the Corporate Debtor

…

**Reasoning:** The Liquidator filed the dissolution application along with the Final Report and Form-H,

…

**Interpretation:** Section 54(1) of the IBC mandates a liquidator to make an application to the

…

**Application:** In the present case, the Liquidator successfully assigned the 'disputed sand'

…

## Parties

- **Judges:** BACHU VENKAT…; RAVINDRA CHATURVED…
- **Appellants:** Brijender Singh…; Oriental Bank of…
- **Respondents:** AVJ Infrastructure…
- **Other parties:** Punjab National…; Income Tax…
- **Advocates:** Prachi…; Sachin…; +1 more

## Timeline

- **2019-09-30 — CIRP Commen…**: M/s AVJ Infrastructure Private Limited (CD) was admitted into CIRP by the Adjudicating…
- **2020-11-06 — Liquidation Commencement & Liquidator…**: The Corporate Debtor was admitted into liquidation under Section 33 of the Code, and Mr.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 43 — Preferential transactions and relevant time](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-43)

---

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/oriental-bank-of-commerce-vs-avj-infrastructure-private-limited-ae87698c