# In the matter of YUNIMAGE SERVICES PRIVATE LIMITED

> NCLT judgment dated 2026-01-12. Citation: TCN-2026-NCLT-00038. Yunimage Services Private Limited filed a petition under Section 10 of the IBC, 2016, seeking…

- **Court:** NCLT
- **Order date:** 12 Jan 2026
- **Citation:** TCN-2026-NCLT-00038
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/yunimage-services-private-limited-15050455

## Summary

### Background

Yunimage Services Private Limited filed a petition under Section 10 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) for itself due to a default in payment of debt amounting to Rs. 1,35,32,913.95.

## Facts

Yunimage Services Private Limited filed a petition on 09.05.2025 under Section 10 of IBC, 2016.

The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) for itself.

The default in payment of debt is Rs. 1,35,32,913.95.

Yunimage Services Private Limited was incorporated on 04.12.2017 in Karnataka.

The Corporate Applicant is incurring substantial losses.

The Petitioner has passed Special Resolution dated 29.09.2023, for initiation of Corporate Insolvency Resolution Process against itself.

The Applicant has suggested a qualified Resolution Professional namely Shri. Surender Devasani.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority can admit an …

**Ratio:** The Adjudicating Authority can admit an application if it is satisfied that a default has

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**Reasoning:** Based on the precedents set by the Hon'ble NCLAT and Supreme Court, the Adjudicating

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**Interpretation:** The Adjudicating Authority has limited power to reject an application under

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**Application:** In this case, the Adjudicating Authority found that the Corporate Applicant

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Respondents:** Yunimage Services…
- **Other parties:** Surender De…
- **Advocates:** P Sarvo…

## Timeline

- **2025-05-09 — Petition…**: Yunimage Services Private Limited filed a…
- **2025-10-08 — Notice S…**: Notice has been served to all the Creditors of the Petitioner and the proof of service…

## 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)

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