# In the matter of PATH2WAY HR SOLUTIONS PRIVATE LIMITED

> NCLT judgment dated 2026-03-03. Citation: TCN-2026-NCLT-00225. The CIRP commenced on 06.08.2025, but no resolution plan was received within 180 days. The…

- **Court:** NCLT
- **Order date:** 3 Mar 2026
- **Citation:** TCN-2026-NCLT-00225
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/path2way-hr-solutions-private-limited-b4b340e4

## Summary

### Background

The CIRP commenced on 06.08.2025, but no resolution plan was received within 180 days. The Committee of Creditors (CoC) passed a resolution on 02.12.2025 to liquidate the company.

## Facts

The CIRP commenced on 06.08.2025.

No resolution plan was received within the 180-day period.

The CoC passed a resolution on 02.12.2025 to liquidate the company.

The Corporate Debtor was not functioning for the last 19 years.

The CoC approved the liquidation with 100% voting share.

Mr. Rabindra Kumar Mintri was appointed as the Liquidator.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority should approve the liquidation of the Corporate Debtor based on …

**Ratio:** Section 33(2) of the IBC, 2016, empowers the CoC to decide for liquidation of the

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**Reasoning:** The CoC's decision was based on the fact that the Corporate Debtor was not functioning

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**Interpretation:** The Adjudicating Authority should give due deference to the decision taken by

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**Application:** The Adjudicating Authority approved the

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## Parties

- **Judges:** Sh. Ashok Kumar…; Anu Jagmoha…
- **Appellants:** M/s Indo S…
- **Respondents:** M/s Path2way HR…
- **Other parties:** Committee of…; Pernod Richard…; +1 more
- **Advocates:** Aishani…; Balapragatha…

## Timeline

- **2025-08-06 — CIRP Commen…**: The CIRP qua the corporate debtors commenced…
- **2025-12-02 — CoC Resolution for…**: The committee of creditors has passed resolution dated 02.12.2025 resolving that the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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