# In the matter of Shakti Bhog Snacks Limited

> NCLT judgment dated 2025-06-30. Citation: TCN-2025-NCLT-00857. An application was filed by Mr. Umesh Gupta, the Resolution Professional of M/s. Shakti Bhog…

- **Court:** NCLT
- **Order date:** 30 Jun 2025
- **Citation:** TCN-2025-NCLT-00857
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/shakti-bhog-snacks-limited-6ba21626

## Summary

### Background

An application was filed by Mr. Umesh Gupta, the Resolution Professional of M/s. Shakti Bhog Snacks Limited, under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the corporate debtor. The application was filed due to the absence of assets, ongoing business operations, and scope for revival.

## Facts

An application was filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the Corporate Debtor, M/s Shakti Bhog Snacks Limited.

The Operational Creditor, M/s Goyal Tea Agencies Private Limited, had previously filed an application under Section 9 of the IBC against the Corporate Debtor, which was admitted on 03.01.2023.

Mr. Umesh Gupta was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.

The Committee of Creditors (CoC) consisted solely of State Bank of India.

The Resolution Professional attempted to take charge of the assets and books of account of the Corporate Debtor but found the registered office sealed by the Enforcement Directorate.

…

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority should allow the dissolution of the Corporate Debtor under …

**Ratio:** The PMLA is a special and self-contained legislation designed to prevent, detect, and

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**Reasoning:** The Hon'ble Supreme Court, in Embassy Property Developments Pvt. Ltd. v. State of

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**Interpretation:** The NCLT's jurisdiction is limited when PMLA proceedings are ongoing,

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**Application:** The Adjudicating Authority cannot assume jurisdiction in a manner that would

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## Parties

- **Judges:** BACHU VENKAT…; Sanjeev R…
- **Appellants:** M/S Goyal Tea…; Umesh G…
- **Respondents:** M/S Shakti Bhog…
- **Other parties:** State Bank of…; Kewal Krishan…; +4 more
- **Advocates:** Ms Swaralipi Deb…; Zoheb Ho…; +1 more

## Timeline

- **03.01.2023 — Admission of Application…**: Application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) was filed…
- **03.01.2023 — Moratorium Declared and…**: A moratorium under Section 14 of the Code was declared and Mr. Umesh Gupta was appointed…

## 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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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/shakti-bhog-snacks-limited-6ba21626