# In the matter of Ajay Singal vs. Ranjan Chakraborti & Ors.

> NCLAT judgment dated 2025-04-09. Citation: TCN-2025-NCLAT-00109. Company Appeal (AT) (Insolvency) No. 1285 of 2024 was filed by Ajay Singal, Director of GRJ…

- **Court:** NCLAT
- **Order date:** 9 Apr 2025
- **Citation:** TCN-2025-NCLAT-00109
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/ajay-singal-vs-ranjan-chakraborti-ors-e0614d93

## Summary

### Background

Company Appeal (AT) (Insolvency) No. 1285 of 2024 was filed by Ajay Singal, Director of GRJ Distributors & Developers Private Limited, against the order dated 10.05.2024 of the National Company Law Tribunal (NCLT), New Delhi, Court-III, which admitted GRJ Distributors & Developers into Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated based on an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by M/s Bajrang Fire Protection, the Operational Creditor. The NCLT directed initiation of CIRP against the Corporate Debtor restricted to the project “Avalon Rangoli, Dharuhera” and appointed Mr. Sanjeet Kumar Sharma as IRP. Company Appeal (AT) (Insolvency) No. 1472 of 2024 was filed by buyers of Flat Nos. 701, 702 and

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## Facts

M/s Bajrang Fire Protection, the Operational Creditor, was entrusted with the work of supply and installation of a Ventilation, Fire Alarm and Fire Fighting System in one of the residential projects developed by the Corporate Debtor, GRJ Distributors & Developers Private Limited, under the name of 'Avalon Rangoli, Dharuhera', Rewari, Haryana. Three purchase orders were issued against which several RA Bills were raised by the Operational Creditor. The work was completed by the Operational creditor but the Corporate Debtor failed to make the payments. The Operational Creditor issued a demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016 in the prescribed format on 05.02.2024 raising demand of Rs. 1,24,16,610/-. The Corporate Debtor did not reply

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## Issues and analysis

### Issue 1: Whether the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed …

**Ratio:** Section 18 of the Limitation Act states that acknowledgement of debt in writing extends

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**Reasoning:** The Appellate Tribunal considered the issue of limitation, even though it was raised for

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**Interpretation:** The acknowledgement of debt in writing extends the limitation period as per

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**Application:** The Corporate Debtor acknowledged the debt in letters dated 16.04.2018,

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## Parties

- **Judges:** Yogesh K…; Ajai Das Me…
- **Appellants:** Ajay Si…
- **Respondents:** GRJ Distributors…; Ranjan Chak…

## Timeline

- **2015-09-04 — First Purchas…**: First purchase order dated 04.09.2015, an…
- **2016-01-15 — RA Bill…**: RA Bill dated…

## 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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