# In the matter of Rolta India Limited

> NCLT judgment dated 2024-01-02. Citation: TCN-2024-NCLT-03365. This is an application (I.A. 1691/2023) filed by M/s PCI Geomatics Enterprises Inc. against M/s…

- **Court:** NCLT
- **Order date:** 2 Jan 2024
- **Citation:** TCN-2024-NCLT-03365
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/rolta-india-limited-1b6995c5

## Summary

### Background

This is an application (I.A. 1691/2023) filed by M/s PCI Geomatics Enterprises Inc. against M/s Rolta India Limited, the Corporate Debtor, under Section 60(5) of the Insolvency & Bankruptcy Code, 2016. The applicant seeks admission of claims along with interest and termination of the contract due to non-payment by the Corporate Debtor. The applicant had previously filed a case against Rolta India Limited as an operational creditor, which was later declared infructuous after Rolta India Limited was admitted into CIRP under another petition. The applicant filed a claim in Form B claiming a total amount of USD 37,00,579/-, which included USD 11,42,663/- as interest @ 1.50% p.m.

## Facts

PCI Geomatics Enterprises Inc. (PCI) filed an application against Rolta India Limited (Rolta), the Corporate Debtor, seeking admission of claims with interest and contract termination. The original agreement for maintenance and support services between PCI and Rolta expired in August 2018. PCI claimed that it continued to provide services even after the expiry, leading to an 'implied contract'. PCI sought admission of interest on admitted bills, a specific bill (No. 10930), and invoices for services provided from August 11, 2018, to January 19, 2023 (CIRP date). Rolta acknowledged a debt of USD 420,000 in a letter dated 30.04.2020. PCI had previously filed a case against Rolta as an operational creditor, which became infructuous after Rolta was admitted into CIRP under

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## Issues and analysis

### Issue 1: Whether the applicant is entitled to claim interest on the admitted bills in the absence of a …

**Ratio:** The legal principle is that interest can only be claimed if there is a contractual

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**Reasoning:** The court reasoned that the original agreement between the parties did not contain any

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**Interpretation:** This issue involves the interpretation of contract law principles regarding the

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**Application:** The court applied the principle that interest cannot be unilaterally imposed to

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## Parties

- **Judges:** Prabhat…; V.G. B…
- **Appellants:** M/s PCI Geomatics…
- **Respondents:** M/s Rolta India…

## Timeline

- **2022-10-31 — Applicant files case as…**: PCI Geomatics Enterprises Inc. filed a case against Rolta India Limited as an operational…
- **2023-01-19 — Corporate Debtor…**: Rolta India Limited was admitted…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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