# In the matter of AJAY PROTECH PRIVATE LIMITED

> NCLT judgment dated 2025-08-06. Citation: TCN-2025-NCLT-01241. The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, to…

- **Court:** NCLT
- **Order date:** 6 Aug 2025
- **Citation:** TCN-2025-NCLT-01241
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/ajay-protech-private-limited-1f322ee5

## Summary

### Background

The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ajay Protech Private Limited.

## Facts

Adinath Corporation filed an application under Section 9 of the IBC to initiate CIRP against Ajay Protech Private Limited.

Adinath Corporation claimed that Ajay Protech Private Limited defaulted on payments for goods supplied.

The total amount of debt and default claimed was Rs. 1,28,81,109/-.

Ajay Protech Private Limited acknowledged the debt but sought time for payment.

Ajay Protech Private Limited raised objections regarding the amount of interest, pre-existing disputes, and non-compliance with procedural requirements.

The NCLT found that there was a debt and default and that the objections raised by Ajay Protech Private Limited were frivolous.

The NCLT admitted the application and initiated CIRP against Ajay Protech Private Limited.

## Issues and analysis

### Issue 1: Whether the application under …

**Ratio:** The application is maintainable if there is a debt and default and the applicant has

…

**Reasoning:** The NCLT found that there was a debt and default and that the applicant had complied with

…

**Interpretation:** Section 9 of the IBC allows an operational creditor to initiate CIRP against a

…

**Application:** The NCLT applied Section 9 of the

…

## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Adinath Corporatio…
- **Respondents:** Ajay Protech…
- **Other parties:** Mamta S D…
- **Advocates:** Pratik Tr…; Mr.Chaitany…

## Timeline

- **2021-11-17 — First outstanding…**: The first outstanding invoice was raised,…
- **2024-03-09 — Demand N…**: The applicant issued a demand…

## 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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