# W Health Ventures Advisory India Private Limited (In Voluntary Liquidation) vs. N/A

> NCLT judgment dated 2026-07-02. Citation: TCN-2026-NCLT-00714. The Liquidator, Mr. Sumit Sharma, filed an application under Section 59 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 2 Jul 2026
- **Citation:** TCN-2026-NCLT-00714
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/w-health-ventures-advisory-india-private-limited-in-voluntary-liquidation-dkoos

## Summary

### Background

The Liquidator, Mr. Sumit Sharma, filed an application under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with the IBBI (Voluntary Liquidation Process) Regulations, 2017, seeking the dissolution of W Health Ventures Advisory India Private Limited (the 'Applicant Company') after completing its voluntary liquidation process.

## Facts

The application C.P. (IB) No. 378/ND/2025 was filed by Liquidator Mr. Sumit Sharma on behalf of W Health Ventures Advisory India Private Limited for its dissolution under Section 59 of the IBC, 2016.

W Health Ventures Advisory India Private Limited (CIN: U67200DL2022PTC395604) was incorporated on 26.03.2022 under the Companies Act, 2013, with the objective of providing investment advisory services.

The company had an Authorized and Paid-up Share Capital of Rs. 10,00,000/-, with Mr. Sunil Tekchand Wadhwani and Mrs. Nita Wadhwani as members.

The Board of Directors, including Mr. Lalit Modi, Mr. Rinku Goyal, and Mr. Namit Chugh, passed a resolution for voluntary liquidation on 19.07.2024 and appointed Mr. Sumit Sharma as Liquidator.

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## Issues and analysis

### Issue 1: Whether the application for dissolution of W Health Ventures Advisory India Private Limited, filed …

**Ratio:** The Adjudicating Authority allows a dissolution application when the voluntary

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**Reasoning:** The Liquidator demonstrated comprehensive compliance with all VLP Regulations, including

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**Interpretation:** Section 59 of the IBC, 2016, read with VLP Regulations, 2017, provides the

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**Application:** Given the Liquidator's thorough compliance and the RoC's acceptance of

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHAT…
- **Appellants:** Sumit S…
- **Respondents:** W Health Ventures…
- **Other parties:** Lalit…; Rinku G…; +1 more
- **Advocates:** Gari…; Niti Kh…

## Timeline

- **2022-03-26 — Company Incor…**: W Health Ventures Advisory India Private Limited was incorporated under the Companies…
- **2024-07-19 — Board Resolution for…**: The Board of Directors passed a resolution for voluntary liquidation and appointed Mr.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 50(3) — Extortionate credit transactions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-50)

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