# In the matter of Yunimage Services Private Limited

> NCLT judgment dated 2026-01-12. Citation: TCN-2026-NCLT-00010. 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-00010
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/yunimage-services-private-limited-491cdbde

## 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 CIRP due to a default in payment of debt of Rs. 1,35,32,913.95.

Yunimage Services Private Limited was incorporated on 04.12.2017 in Karnataka.

The Corporate Applicant was incurring substantial losses.

A special resolution was passed by the Petitioner on 29.04.2024.

The Applicant suggested Surender Devasani as the Resolution Professional.

## Issues and analysis

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

**Ratio:** Section 10 of the IBC, 2016 allows a Corporate Applicant to file an application for

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**Reasoning:** The Adjudicating Authority considered the precedents set by the Hon'ble NCLAT and the

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**Interpretation:** The conditions for initiating CIRP under Section 10 are satisfied if there is a

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**Application:** The Corporate Applicant was incurring substantial losses and satisfied the

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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…
- **2026-01-12 — Order Del…**: Order delivered admitting the…

## 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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