# Sidhraj Transinfra Private Limited vs. Hinduja Leyland Finance Ltd.

> NCLT judgment dated 2026-08-19. Citation: TCN-2026-NCLT-00865. M/s. Sidhraj Transinfra Private Limited (Corporate Debtor) filed a petition under Section 10 of…

- **Court:** NCLT
- **Order date:** 19 Aug 2026
- **Citation:** TCN-2026-NCLT-00865
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/sidhraj-transinfra-private-limited-vs-hinduja-leyland-finance-ltd-79r1x

## Summary

### Background

M/s. Sidhraj Transinfra Private Limited (Corporate Debtor) filed a petition under Section 10 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiation of Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor, engaged in transportation, suffered severe financial losses and liquidity constraints, particularly after the COVID-19 pandemic, leading to its inability to service financial and operational liabilities. The Board of Directors resolved to seek CIRP, and an Extraordinary General Meeting of shareholders authorized the filing of the application.

## Facts

M/s. Sidhraj Transinfra Private Limited (Corporate Debtor/Petitioner) filed a petition under Section 10 of the IBC, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP).

The Corporate Debtor is a private company incorporated under the Companies Act, 2013, with an authorized and paid-up share capital of Rs.1,00,000/-.

The Corporate Debtor is engaged in the business of transportation and allied activities.

Due to a substantial decline in demand for its transportation services, particularly after the COVID-19 pandemic from early 2020, the Corporate Debtor suffered severe financial losses and acute liquidity constraints.

The Corporate Debtor became unable to service its financial and operational liabilities.

…

## Issues and analysis

### Issue 1: Whether the application filed by the Corporate Debtor under Section 10 of the IBC, 2016 for …

**Ratio:** An application under Section 10 of the IBC must be admitted if the existence of debt and

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**Reasoning:** The NCLT referred to the NCLAT judgment in Unigreen Global Pvt. Ltd. VS. Punjab National

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**Interpretation:** Section 10 of the IBC empowers a corporate debtor to initiate its own

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**Application:** The Corporate Debtor, Sidhraj Transinfra Private Limited, candidly admitted its

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## Parties

- **Judges:** Vinay…; Sh. Shishir…
- **Appellants:** M/s. Sidhraj…
- **Respondents:** Sidhraj Transinfra…
- **Other parties:** Dilip K G…; Raman G…; +8 more
- **Advocates:** Jeevesh…; Sh. Gulshan Kumar…

## Timeline

- **2015-05-07 — Incorporation of…**: The Applicant/Corporate Debtor, Sidhraj…
- **2017-12-18 — Loan Sanction Period…**: The Financial Creditor sanctioned multiple vehicle loans to the Corporate Debtor, with…

## 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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