# In the matter of Pushp Ratna Realty Pvt. Ltd.

> NCLT judgment dated 2025-12-10. Citation: TCN-2025-NCLT-01894. The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., filed an Interlocutory…

- **Court:** NCLT
- **Order date:** 10 Dec 2025
- **Citation:** TCN-2025-NCLT-01894
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-indore/pushp-ratna-realty-pvt-ltd-c3814eab

## Summary

### Background

The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., filed an Interlocutory Application (IA 377(MP)2025) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to condone the delay in filing the application, admit the interest component of their claims, and revise the resolution plan accordingly. The Applicants are financial creditors of the Corporate Debtor, Pushp Ratna Realty Pvt. Ltd., which is undergoing CIRP.

## Facts

The Adjudicating Authority admitted M/s Pushp Ratna Realty Pvt. Ltd. into CIRP under Section 7 in C.P.(IB) 26 of 2024 on 16.10.2024.

The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., submitted their claims as financial creditors in Form C under Regulation 8 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to the Respondent/RP on 03.06.2025.

The Respondent/RP requested a working calculation to substantiate the interest claim via email dated 07.06.2025.

The Applicants furnished an Excel sheet on 24.06.2025 detailing the interest calculation, based on the interest admitted by the Respondent/RP for a similarly placed unsecured financial creditor, Mr. Ashok Kumar Jain.

…

## Issues and analysis

### Issue 1: Whether the Applicants are entitled to …

**Ratio:** The claim for interest is a contractual obligation and requires substantiation with

…

**Reasoning:** The Applicants failed to provide any contractual or documentary basis evidencing

…

**Interpretation:** Financial debt under Section 5(8) IBC, 2016 includes interest only if

…

**Application:** The Adjudicating Authority found no infirmity or illegality in the RP's

…

## Parties

- **Judges:** Brajendra Mani…; Man Mohan…
- **Appellants:** Socrus Bio…; Socrus Pharmaceuti…
- **Respondents:** Pushp Ratna…; Hasti Mal…
- **Other parties:** Nirmal Kumar Jain…; Hasti Mal K…
- **Advocates:** Chiranjeev…; Ayush R…

## Timeline

- **2024-10-16 — Admission in…**: Adjudicating Authority admitted M/s Pushp Ratna Realty Pvt. Ltd. into CIRP under Section…
- **2025-06-03 — Claim Subm…**: Applicants submitted their claims as financial creditors in Form C under Regulation 8 to…

## 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)

---

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-indore/pushp-ratna-realty-pvt-ltd-c3814eab