# In the matter of REDWOODS INFRASTRUCTURE PRIVATE LIMITED

> NCLT judgment dated 2025-04-07. Citation: TCN-2025-NCLT-01085. M/s. Embassy Services Private Limited, the Financial Creditor, filed a petition under Section 7…

- **Court:** NCLT
- **Order date:** 7 Apr 2025
- **Citation:** TCN-2025-NCLT-01085
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/redwoods-infrastructure-private-limited-2222488d

## Summary

### Background

M/s. Embassy Services Private Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Redwoods Infrastructure Private Limited, the Corporate Debtor, for a total outstanding amount of Rs. 2,16,03,836.

## Facts

The Financial Creditor, M/s. Embassy Services Private Limited, filed a petition under Section 7 of the IBC to initiate CIRP against the Corporate Debtor, M/s. Redwoods Infrastructure Private Limited.

The total outstanding amount claimed was Rs. 2,16,03,836, including a principal amount of Rs. 1,00,00,000 and interest.

The Date of Default was 19.05.2023 as mentioned in Part IV of Form No. 1 filed with the Petition.

The Corporate Debtor had sought financial assistance from the Financial Creditor to expand its business, leading to a loan agreement on 25.10.2016.

The loan agreement stipulated repayment within 6 months, later extended to 31.12.2020.

…

## Issues and analysis

### Issue 1: Whether the petition is …

**Ratio:** The petition is not

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**Reasoning:** The repayment date was mutually extended to 31st December 2020, and the petition was

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**Interpretation:** The limitation period is calculated from the date of default, and any extension

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**Application:** The Adjudicating Authority considered the extended repayment date and the date

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** M/s Embassy…
- **Respondents:** Redwoods Infrastru…
- **Other parties:** Venkataraman…

## Timeline

- **2016-10-25 — Loan Agre…**: The Financial Creditor and the Corporate Debtor entered into a loan Agreement for lending…
- **2016-10-20 — Demand Promiss…**: The Corporate Debtor also provided a Demand Promissory Note dated 20.10.2016 and…

## 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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