# Superwave Communication Infrasolution Private Limited vs. Rayways Infra Projects Private Limited

> NCLT judgment dated 2026-07-21. Citation: TCN-2026-NCLT-00736. The Interim Resolution Professional (IRP) filed an application under Section 19(2) of the IBC,…

- **Court:** NCLT
- **Order date:** 21 Jul 2026
- **Citation:** TCN-2026-NCLT-00736
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/superwave-communication-infrasolution-private-limited-vs-rayways-infra-projects-j3rql

## Summary

### Background

The Interim Resolution Professional (IRP) filed an application under Section 19(2) of the IBC, 2016, alleging non-cooperation from the Suspended Directors/Erstwhile Key Management (Respondents No.1 and 2) of the Corporate Debtor, Rayways Infra Projects Private Limited. The IRP reported that the Corporate Debtor's registered office does not exist at the MCA recorded address, and the directors are withholding books of accounts, statutory registers, records, documents, and failing to disclose the location of assets. The Corporate Debtor had been admitted into CIRP under Section 9 of the IBC based on an application by an Operational Creditor.

## Facts

An application (IA(I.B.C)/967(CH)2026) was filed by the IRP under Section 19(2) of the IBC, 2016.

The registered office of the Corporate Debtor (Rayways Infra Projects Private Limited) as recorded in the MCA does not exist at the address shown therein.

The Suspended Directors/Erstwhile Key Manager of the Corporate Debtor (Respondents No.1 and 2) are not cooperating with the IRP.

The Suspended Directors/Erstwhile Key Manager are not providing the IRP with books of accounts, statutory registers, records, and documents of the Corporate Debtor.

The Suspended Directors/Erstwhile Key Manager are not disclosing the present location of the assets and books of the Corporate Debtor.

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## Issues and analysis

### Issue 1: Whether the Suspended Directors/Erstwhile Key Management of the Corporate Debtor are cooperating …

**Ratio:** The Suspended Directors/Erstwhile Key Management are not cooperating with the Interim

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**Reasoning:** The Ld. Counsel for the Applicant-IRP submitted that the Suspended Directors/Erstwhile

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**Interpretation:** Non-cooperation from the management of a Corporate Debtor significantly impedes

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**Application:** The NCLT observed the lack of cooperation from the Respondents, which

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## Parties

- **Judges:** SHRI. K. BISWAL,…; SHRI. K.K SINGH,…
- **Appellants:** Superwave…; IRP…
- **Respondents:** Rayways Infra…; Respondents No.1…
- **Advocates:** Avnish…

## Timeline

- **2026-07-21 — Order Del…**: Order delivered by the National…
- **2026-08-19 — Next Hea…**: The matter is listed for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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