# In the matter of VHV BEVERAGES PRIVATE LIMITED

> NCLT judgment dated 2025-12-02. Citation: TCN-2025-NCLT-01813. An application was filed under Section 9 of the IBC by AMD Industries Limited to initiate CIRP…

- **Court:** NCLT
- **Order date:** 2 Dec 2025
- **Citation:** TCN-2025-NCLT-01813
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/vhv-beverages-private-limited-df336c25

## Summary

### Background

An application was filed under Section 9 of the IBC by AMD Industries Limited to initiate CIRP against M/S VHV Beverages Private Limited. The Corporate Debtor was admitted into CIRP on 09.12.2021, and a moratorium was declared. Mr. Rahul Khanna was appointed as the Interim Resolution Professional (IRP).

## Facts

AMD Industries Limited filed an application under Section 9 of the IBC to initiate CIRP against M/S VHV Beverages Private Limited.

The Corporate Debtor was admitted into CIRP on 09.12.2021.

Mr. Rahul Khanna was appointed as the Interim Resolution Professional (IRP).

Mr. Umesh Chand Goyal was appointed as the Resolution Professional (RP), replacing Mr. Rahul Khanna.

The CoC decided to proceed with liquidation due to the non-viability of the resolution plan.

The Resolution Professional filed IA(IBC)(LIQ.)/29(ND)2024 seeking initiation of liquidation proceedings.

Mr. Anuj Sharma, one of the ex-directors of the Corporate Debtor, filed objections to the liquidation application.

…

## Issues and analysis

### Issue 1: Whether the Resolution Professional was correct in …

**Ratio:** The Resolution Professional is required to examine each resolution plan to confirm

…

**Reasoning:** The RP informed the CoC that the resolution plan received from the resolution applicant

…

**Interpretation:** The RP shall present only those plans to the COC for approval which confirm to

…

**Application:** The RP did not submit the certificate regarding the plan being compliant of

…

## Parties

- **Judges:** Ramalingam…; RAVINDRA CHATURVED…
- **Appellants:** AMD Industries…; Pankaj Ma…
- **Respondents:** M/s. VHV Beverages…; Vishnoo M…; +1 more
- **Other parties:** Rahul K…; Umesh Chand…; +1 more
- **Advocates:** Sumit S…; Sanjeev…; +9 more

## Timeline

- **2019 — Initiation…**: CP (IB) – 1680/ND/2019 filed…
- **2021-12-09 — Admission in…**: Corporate Debtor…

## 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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