# In the matter of TAKSHASHILA HEIGHTS INDIA PRIVATE LIMITED

> NCLT judgment dated 2026-01-21. Citation: TCN-2026-NCLT-00022. An application was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, by…

- **Court:** NCLT
- **Order date:** 21 Jan 2026
- **Citation:** TCN-2026-NCLT-00022
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/takshashila-heights-india-private-limited-24b6649e

## Summary

### Background

An application was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, by Edelweiss Asset Reconstruction Company Limited against Takshashila Heights Private Limited.

## Facts

Edelweiss Asset Reconstruction Company Limited filed an application under Section 7 of the IBC against Takshashila Heights Private Limited.

The Hon'ble Supreme Court dismissed a Civil Appeal No.10012 of 2025 filed by Takshashila Heights Private Limited against Edelweiss Asset Reconstruction Company Limited.

The application under Section 7 of the IBC was admitted, initiating the CIRP against Takshashila Heights Private Limited.

Orion Resolution & Turnaround Private Limited was appointed as the Interim Resolution Professional (IRP).

A moratorium was declared as per the provisions of Section 14 of the IBC.

The Applicant/Financial Creditor is directed to deposit a sum of Rs. 2.00 lacs with the IRP.

## Issues and analysis

### Issue 1: Whether the application under Section …

**Ratio:** The Hon'ble Supreme Court's dismissal of the appeal filed by the corporate debtor

…

**Reasoning:** The Supreme Court's order indicates that the financial creditor's claim has merit,

…

**Interpretation:** The dismissal of the appeal implies that the corporate debtor's arguments

…

**Application:** The NCLT relied on the Supreme Court's order to admit the application under

…

## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Edelweiss Asset…
- **Respondents:** Takshashila…
- **Other parties:** Orion Resolution…
- **Advocates:** Rashesh San…; Dhairya M…; +2 more

## Timeline

- **2024-01-19 — Written Commu…**: Orion Resolution & Turnaround Private…
- **2026-01-20 — Order Del…**: Order delivered on 20/01/2026 admitting…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-ahmedabad/takshashila-heights-india-private-limited-24b6649e