# Highway Star Rest and Recreation Pvt. Ltd. vs. Maiyas Restaurants Pvt. Ltd.

> NCLT judgment dated 2026-06-01. Citation: TCN-2026-NCLT-00553. Highway Star Rest and Recreation Pvt. Ltd. (Operational Creditor/Petitioner) filed a Company…

- **Court:** NCLT
- **Order date:** 1 Jun 2026
- **Citation:** TCN-2026-NCLT-00553
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/highway-star-rest-and-recreation-pvt-ltd-vs-maiyas-restaurants-pvt-ltd-ye42z

## Summary

### Background

Highway Star Rest and Recreation Pvt. Ltd. (Operational Creditor/Petitioner) filed a Company Petition under Section 9 of the IBC, 2016, against Maiyas Restaurants Pvt. Ltd. (Corporate Debtor/Respondent) for a default in repayment of operational debt amounting to ₹2,49,57,627/-, with defaults commencing from 31.10.2018. The debt arose from a revenue sharing arrangement for a restaurant operated by the Corporate Debtor on the Petitioner's premises, involving monthly invoices for rent, utility, and marketing charges.

## Facts

Highway Star Rest and Recreation Pvt. Ltd. (Operational Creditor/Petitioner) filed a Company Petition under Section 9 of the IBC, 2016, against Maiyas Restaurants Pvt. Ltd. (Corporate Debtor/Respondent).

The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Maiyas Restaurants Pvt. Ltd.

The default in repayment of operational debt amounts to ₹2,49,57,627/-.

Defaults commenced from 31.10.2018 and continued thereafter.

The Corporate Debtor was incorporated on 26.03.2014.

The Corporate Debtor runs a restaurant in the premises of the Operational Creditor based on a revenue sharing arrangement.

Monthly invoices were generated by the Operational Creditor for revenue sharing/minimum guarantee (rent), utility charges, and marketing charges.

…

## Issues and analysis

### Issue 1: Whether the Company Petition filed by the Operational Creditor is within the prescribed period of …

**Ratio:** An acknowledgment of debt, even after the expiry of the original limitation period but

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**Reasoning:** The Corporate Debtor issued multiple Acknowledgment Letters dated 31.03.2022, 31.03.2023,

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**Interpretation:** Section 18 of the Limitation Act allows for a fresh period of limitation to be

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**Application:** Since the petition was e-filed on 18.02.2026, subsequent to the

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## Parties

- **Judges:** Shri. Sunil Kumar…; Shri. Radhakrishna…
- **Appellants:** Highway Star Rest…
- **Respondents:** Maiyas Restaurants…
- **Other parties:** CoC…; Naresh Kumar…
- **Advocates:** Shri. Prana…; Shri. Akshay J.…

## Timeline

- **2018-10-31 — Default Comme…**: Defaults in repayment of…
- **2020-10-05 — Date of Defaul…**: Date of default as reflected…

## 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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