# In the matter of GEETA PRINTS PRIVATE LIMITED

> NCLT judgment dated 2026-01-13. Citation: TCN-2026-NCLT-00031. This is a transfer petition from the Hon'ble High Court of Gujarat, originally filed as Company…

- **Court:** NCLT
- **Order date:** 13 Jan 2026
- **Citation:** TCN-2026-NCLT-00031
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/geeta-prints-private-limited-910e655a

## Summary

### Background

This is a transfer petition from the Hon'ble High Court of Gujarat, originally filed as Company Petition No. 240 of 2004, seeking the winding up of Geeta Prints Limited due to non-payment of invoices.

## Facts

M/S Falcon Industries filed an application under Section 433 and 434 of the Companies Act 1956, seeking the winding up of Geeta Prints Limited.

The debt is due to non-payment of invoices for a principal amount of Rs.7,62,500/- with additional tax liability and penalty.

A demand notice was issued on 9th September 2004 and received by the respondent on 13th September 2004, but was not replied to.

The Hon'ble High Court of Gujarat transferred the petition to NCLT Ahmedabad.

The respondent claimed pre-existing disputes and questioned the interest component of Rs.4,35,51,929 calculated at 24% compound interest.

The applicant justified the computation of interest and stated that the respondent's non-supply of Form C resulted in a penalty.

…

## Issues and analysis

### Issue 1: Whether the application was filed …

**Ratio:** The application was filed

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**Reasoning:** The matter had been appropriately pleaded, allowed, and admitted before the Hon'ble High

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**Interpretation:** The NCLT interpreted that the prior proceedings in the High Court established

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**Application:** The NCLT applied this interpretation to conclude that the application met the

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** M/S Falcon…
- **Respondents:** Geeta Prints…
- **Other parties:** Rajendra…
- **Advocates:** Pavan God…; Saurabh So…; +1 more

## Timeline

- **2004-09-09 — Demand Notice…**: Applicant issued a demand…
- **2004-09-20 — Company Petiti…**: Company Petition No. 240 of 2004 was filed…

## 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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