# In the matter of Sarvaloka Services-On-Call Private Limited

> NCLT judgment dated 2026-01-07. Citation: TCN-2026-NCLT-00004. 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-00004
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/sarvaloka-services-on-call-private-limited-dcf0ed4a

## 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 other factors, leading to a default of Rs 8,19,68,220/-.

## Facts

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

The company defaulted on a debt of Rs 8,19,68,220/-.

The company faced financial distress due to the COVID-19 pandemic.

The shareholders of the Corporate Applicant passed a Special Resolution in the Extraordinary General meeting held on 02.01.2024 for initiation of Corporate Insolvency Resolution Process.

The Tribunal directed the Petitioner to file certain documents on 24.04.2024.

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

## Issues and analysis

### Issue 1: Whether the Corporate Applicant satisfies the conditions for initiating CIRP under Section 10 of …

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

…

**Reasoning:** The Tribunal found that the Corporate Applicant had a debt above the prescribed

…

**Interpretation:** The Tribunal interpreted Section 10 of the IBC to mean that if the conditions

…

**Application:** The Tribunal applied the provisions of Section 10 of the IBC to the facts of

…

## Parties

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

## Timeline

- **2014-09-17 — Incorporati…**: The Petitioner was incorporated on 17.09.2014…
- **2024-01-02 — Special Res…**: The shareholders of the Corporate Applicant have unanimously passed a Special Resolution…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 11 — Persons not entitled to make application](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-11)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-bengaluru/sarvaloka-services-on-call-private-limited-dcf0ed4a