# In the matter of MADESH HUMAN RESOURCES PRIVATE LIMITED

> NCLT judgment dated 2026-05-05. Citation: TCN-2026-NCLT-00495. Jovee Enterprises, an Operational Creditor, filed a petition under Section 9 of the Insolvency…

- **Court:** NCLT
- **Order date:** 5 May 2026
- **Citation:** TCN-2026-NCLT-00495
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/madesh-human-resources-private-limited-23360aed

## Summary

### Background

Jovee Enterprises, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Madesh Human Resources Private Limited, the Corporate Debtor. The petition was based on an outstanding operational debt of Rs. 1,44,60,189/- for manpower supply services, which included principal and interest.

## Facts

Jovee Enterprises (Operational Creditor) filed a petition under Section 9 of IBC against M/s Madesh Human Resources Private Limited (Corporate Debtor).

The Operational Creditor is engaged in the business of manpower supply and provided services to the Corporate Debtor.

The Corporate Debtor is also engaged in manpower services and was to make payments for invoices and interest in case of delay.

The total outstanding debt claimed is Rs. 1,44,60,189/-, consisting of a principal amount of Rs. 1,29,46,796/- and interest of Rs. 15,13,393/- at 14.85%.

The date of default is 01.08.2023.

The petition was filed on 26.02.2024, which is within the three-year limitation period from the date of default.

…

## Issues and analysis

### Issue 1: Whether the petition filed by Jovee Enterprises under Section 9 of the IBC is within the prescribed …

**Ratio:** The limitation period for recovery of debts, including applications under Section 9 of

…

**Reasoning:** The date of default was established as 01.08.2023. The petition was filed on 26.02.2024.

…

**Interpretation:** The Tribunal interpreted Article 137 of the Limitation Act to apply to Section

…

**Application:** The petition was found to be well within the limitation period, satisfying a

…

## Parties

- **Judges:** Shri. JYOTI KUMAR…; SHRI. RAVICHANDRAN…
- **Appellants:** Jovee Enter…
- **Respondents:** M/s Madesh Human…
- **Other parties:** B. Ak…
- **Advocates:** K.Sengut…; V.Veerara…; +6 more

## Timeline

- **2022-03-10 — Agreement for Manpower…**: Agreement for supply of manpower services was executed between the Operational Creditor…
- **2022-09-14 — Demand Letter by…**: Operational Creditor sent a letter…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chennai/madesh-human-resources-private-limited-23360aed