# M/s. KSK Wind Energy Halagali Benchi Pvt Ltd. vs. N/A

> NCLT judgment dated 2026-09-04. Citation: TCN-2026-NCLT-00916. M/s. KSK Wind Energy Halagali Benchi Pvt Ltd. (Corporate Applicant/Debtor) filed a petition…

- **Court:** NCLT
- **Order date:** 4 Sept 2026
- **Citation:** TCN-2026-NCLT-00916
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/ms-ksk-wind-energy-halagali-benchi-pvt-ltd-k64pk

## Summary

### Background

M/s. KSK Wind Energy Halagali Benchi Pvt Ltd. (Corporate Applicant/Debtor) filed a petition under Section 10 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against itself. The company, incorporated in 2010, has been non-operational since FY 2021-22, incurred continuous losses, and suffered erosion of its net worth. It possesses no significant realisable assets and failed to attract credible interest despite exploring various exit strategies. A Preliminary Capability Assessment Report concluded that the company is commercially unviable, lacking positive net-worth, financial stability, and a track record for power project tenders. The Board of Directors resolved to initiate CIRP on 08.09.2025, a decision subsequently approved by

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## Facts

M/s. KSK Wind Energy Halagali Benchi Pvt Ltd. (Corporate Applicant/Debtor) filed a petition under Section 10 of the IBC, 2016, read with Rule 7 of the IBC (Application to Adjudicating Authority) Rules, 2016.

The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against itself due to default in payment of its debts and inability to meet its liabilities.

The application was filed by Mr. Siva Kumar Voopati, Director of the Corporate Applicant, authorized by a Board Resolution dated 08.09.2025 and a Special Resolution by shareholders dated 20.11.2025.

The Corporate Applicant was incorporated on 29.12.2010 under the Companies Act, 1956, with CIN U40108TG2010PTC071926.

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## Issues and analysis

### Issue 1: Whether the application filed by the Corporate Applicant under Section 10 of the IBC is complete in …

**Ratio:** An application for Corporate Insolvency Resolution Process (CIRP) under Section 10 of the

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**Reasoning:** The Tribunal, upon perusing the application, annexures, and submissions, found that the

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**Interpretation:** Compliance with the specific procedural requirements for filing an application

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**Application:** The Corporate Applicant's filing adhered to these procedural and documentary

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## Parties

- **Judges:** SHRI. RAJEEV…; SHRI. SANJA…
- **Respondents:** M/s. KSK Wind…
- **Other parties:** Siva Kumar…; INR Engineering &…; +3 more
- **Advocates:** Nikhil P…; Bendi Rav…; +1 more

## Timeline

- **2010-12-29 — Incorporation of…**: M/s. KSK Wind Energy Halagali Benchi Pvt Ltd. was incorporated under the Companies Act,…
- **2021-04-28 — Liquidation Order for…**: Order by the Tribunal for liquidation proceedings of KSK Energy Ventures Limited…

## 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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