# In the matter of SARVALOKA SERVICES-ON-CALL PRIVATE LIMITED

> NCLT judgment dated 2026-01-07. Citation: TCN-2026-NCLT-00048. Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016,…

- **Court:** NCLT
- **Order date:** 7 Jan 2026
- **Citation:** TCN-2026-NCLT-00048
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/sarvaloka-services-on-call-private-limited-58974f72

## Summary

### Background

Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016, seeking initiation of CIRP due to its inability to pay its debts. The company faced financial distress due to the COVID-19 pandemic and project delays, leading to client refunds and legal actions.

## Facts

Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016, for initiating CIRP.

The company's financial distress was attributed to the COVID-19 pandemic and project delays.

The company faced multiple legal actions, including consumer complaints and civil suits.

The company defaulted on rental payments and has a financial debt, leading to a total default of Rs. 8,19,68,220.

The shareholders of the Corporate Applicant passed a Special Resolution for initiating CIRP on 02.01.2024.

The Tribunal directed the Petitioner to file certain documents, including audited financials and affidavits.

The petition was supported with the special resolution passed by the shareholders of the Corporate Applicant.

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## Issues and analysis

### Issue 1: Whether the Corporate Applicant is eligible to …

**Ratio:** As per Section 10 of the IBC, a Corporate Applicant can file an application for CIRP if

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**Reasoning:** The Tribunal found that the Corporate Applicant had defaulted on its debt obligations and

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**Interpretation:** The Adjudicating Authority is obligated to admit the application if it is

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**Application:** The Tribunal admitted the application as the Corporate Applicant met the

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** Sarvaloka…
- **Respondents:** Sarvaloka…
- **Other parties:** Rakesh Kuma…
- **Advocates:** Anupam Ag…

## Timeline

- **2024-01-02 — Special Res…**: Shareholders of the Corporate Applicant unanimously passed a Special Resolution in the…
- **2024-04-24 — Tribunal Di…**: Tribunal directed the Petitioner to file Latest Audited Financials containing position of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 10 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-10)

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