# In the matter of JKEW METALEC LIMITED

> NCLT judgment dated 2025-12-01. Citation: TCN-2025-NCLT-01814. Arora Iron & Steel Rolling Mills Private Limited filed an application under Section 9 of the…

- **Court:** NCLT
- **Order date:** 1 Dec 2025
- **Citation:** TCN-2025-NCLT-01814
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/jkew-metalec-limited-e0cae12e

## Summary

### Background

Arora Iron & Steel Rolling Mills Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against JKEW Forgings Limited due to its failure to pay an outstanding operational debt of Rs. 1,06,76,044.80. The date of default was declared as 23.07.2021.

## Facts

Arora Iron & Steel Rolling Mills Private Limited (Operational Creditor) supplied alloy steel to JKEW Forgings Limited (Corporate Debtor).

The Operational Creditor claimed an outstanding debt of Rs. 1,06,76,044.80 as of 23.07.2021.

The Corporate Debtor made partial payments but failed to clear the entire outstanding amount.

The Corporate Debtor issued three post-dated cheques, which were dishonored upon presentation.

The Operational Creditor issued a demand notice dated 10.09.2021 under Section 8 of the IBC.

The Corporate Debtor replied to the demand notice on 20.09.2021, disputing the claim and alleging that the amount was below Rs. 1 crore.

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## Issues and analysis

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

**Ratio:** The application was filed

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**Reasoning:** The Tribunal found that the date of default was 23.07.2021, and the application was filed

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**Interpretation:** The limitation period is calculated from the date of default, which can be the

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**Application:** The Tribunal applied the principle of a running account to determine the date

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Arora Iron &…
- **Respondents:** JKEW Forgings…
- **Other parties:** Rajinder Pa…; Deepak…; +18 more
- **Advocates:** Yash Ta…; Sh. Rajan…

## Timeline

- **06.10.2021 — Application…**: Application filed under Section 9 of IBC by Arora Iron & Steel Rolling Mills Private…
- **23.07.2021 — Date of D…**: Declared date of default by…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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