# In the matter of SUVARNABHOOMI INFRA DEVELOPERS PRIVATE LIMITED

> NCLT judgment dated 2026-01-20. Citation: TCN-2026-NCLT-00025. The case involves a joint application filed by two Financial Creditors, M/s. Global Enterprise…

- **Court:** NCLT
- **Order date:** 20 Jan 2026
- **Citation:** TCN-2026-NCLT-00025
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-amaravati/suvarnabhoomi-infra-developers-private-limited-1360c24e

## Summary

### Background

The case involves a joint application filed by two Financial Creditors, M/s. Global Enterprise and M/s. S C Shah Corporation, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s. Suvarnabhoomi Infra Developers Private Limited.

## Facts

The 1st Financial Creditor, M/s. Global Enterprise, is a registered partnership firm incorporated on 05.06.2014.

The 2nd Financial Creditor, M/s. S C Shah Corporation, is a partnership firm.

The Financial Creditors jointly sanctioned a short-term loan of Rs.2,45,40,000/- to the Corporate Debtor on 01.04.2023.

The Corporate Debtor executed separate Promissory Notes dated 01.04.2023 in favor of the respective Financial Creditors.

The Corporate Debtor repaid a sum of Rs.72,26,000/- to the 1st Financial Creditor and Rs.24,54,000/- to the 2nd Financial Creditor.

The Corporate Debtor issued a cheque dated 02.06.2023 for Rs.12,27,000/- in favor of the 2nd Financial Creditor, which was dishonored.

…

## Issues and analysis

### Issue 1: Whether the Application has been …

**Ratio:** The application was filed within 3

…

**Reasoning:** The date of default was corrected to 19.11.2023, and the application was filed on

…

**Interpretation:** Section 7…

**Application:** The application was deemed to be

…

## Parties

- **Judges:** UMESH KUMAR…; KISHORE VEMULAPALL…
- **Appellants:** Global Ente…; S.C. Shah…
- **Respondents:** Suvarnabhoomi…
- **Other parties:** Bollineni S…; Dosapati D…; +2 more
- **Advocates:** Aparana…; Srenik S.…

## Timeline

- **2024-11-05 — Application…**: The instant Joint Application has been…
- **2026-01-20 — Order Del…**: Order delivered on…

## 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)

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