# In the matter of Vidyasagar Learning Private Limited

> Read the full IBC case summary for In the matter of Vidyasagar Learning Private Limited. NCLT judgment dated 2025-06-12. Citation: TCN-2025-NCLT-00903.

- **Court:** NCLT
- **Order date:** 12 Jun 2025
- **Citation:** TCN-2025-NCLT-00903
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/vidyasagar-learning-private-limited-ad04407a

## Summary

### Background

The application was filed by the Liquidator for the dissolution of the Corporate Debtor, seeking condonation of delay in filing the application and discharge from duties.

## Facts

India Printing Works, an operational creditor, filed a petition under section 9 of the Insolvency and Bankruptcy Code, 2016, against Vidyasagar Learning Pvt Ltd (Corporate Debtor). The Adjudicating Authority admitted the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP) via an order dated October 22, 2019. Subsequently, no resolution plans were received for the Corporate Debtor.

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## Issues and analysis

### Issue 1: Whether the delay of 115 days in filing the…

**Ratio:** The NCLT found the reasons for the delay to…

**Reasoning:** The Liquidator submitted that the delay was due to the time taken by Saraswat…

**Interpretation:** The NCLT interpreted the circumstances as a valid ground for condonation of…

**Application:** The NCLT applied this interpretation to the facts, condoning the 115-day delay…

## Parties

- **Judges:** Sushil Mahadeorao…; Charanjeet Singh…
- **Advocates:** Mily Gh…

## Timeline

- **October 22, 2019 — CIRP Admi…**: Corporate Debtor admitted into Corporate…
- **September 28, 2022 — Liquidation…**: Adjudicating Authority initiated liquidation of the Corporate Debtor and appointed Mr.…

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