# State Bank of India vs. Dadda Ji Hospitals Pvt Ltd

> NCLT judgment dated 2026-09-17. Citation: TCN-2026-NCLT-01093. State Bank of India (Financial Creditor) filed a company petition under Section 7 of the…

- **Court:** NCLT
- **Order date:** 17 Sept 2026
- **Citation:** TCN-2026-NCLT-01093
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-indore/dadda-ji-hospitals-private-limited-r6ynu

## Summary

### Background

State Bank of India (Financial Creditor) filed a company petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Dadda Ji Hospital Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of a financial debt amounting to INR 23,07,06,812.03 as on 01.03.2025. The Corporate Debtor raised several objections, including lack of proper authority to file the petition, defective affidavit, absence of a formal loan agreement, lack of proof of disbursal, non-conformity of bank statements with the Bankers' Books Evidence Act, invalid NPA classification due to its MSME status, an erroneous and unreliable date of default, and the argument that as a going concern providing essential

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## Facts

State Bank of India (Applicant/Financial Creditor) filed a company petition under Section 7 of the IBC against M/s Dadda Ji Hospital Private Limited (Respondent/Corporate Debtor).

The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) due to default in repayment of a financial debt.

State Bank of India is represented by its Authorised Representative, Mr. Rajendra Kumar, acting under an authority letter dated 21.03.2025.

M/s Dadda Ji Hospital Private Limited was incorporated on 22.03.2017 and holds Udyam Registration No. UDYAM-MP-24-0011840, classified as a 'Small' enterprise.

Mr. Sanjay Kumar Gupta, Insolvency Professional, was proposed as the Interim Resolution Professional (IRP).

The amount claimed to be in default is INR 23,07,06,812.03.

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## Issues and analysis

### Issue 1: Whether the Applicant has established the existence of a financial debt and occurrence of default …

**Ratio:** The existence of financial debt and occurrence of default can be established through a

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**Reasoning:** The NCLT found that the documents on record collectively demonstrated the lender-borrower

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**Interpretation:** The definition of 'financial debt' and 'default' under the IBC is broad and can

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**Application:** The NCLT applied this interpretation to the Applicant's submissions and the

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## Parties

- **Judges:** Brajendra Mani…; Man Mohan Gupta,…
- **Appellants:** State Bank of…
- **Respondents:** M/s Dadda Ji…
- **Other parties:** Sanjay Kuma…
- **Advocates:** Rohit D…; Vijayesh…; +1 more

## Timeline

- **2017-03-22 — Corporate Debtor…**: M/s Dadda Ji Hospital Private…
- **2017-06-30 — Credit Facility…**: State Bank of India sanctioned credit…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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