# In the matter of ROOFCO TRADING COMPANY PRIVATE LIMITED

> NCLT judgment dated 2025-12-02. Citation: TCN-2025-NCLT-01766. The petition was filed under Section 10 of the Insolvency & Bankruptcy Code, 2016, read with…

- **Court:** NCLT
- **Order date:** 2 Dec 2025
- **Citation:** TCN-2025-NCLT-01766
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kochi/roofco-trading-company-private-limited-a96790f8

## Summary

### Background

The petition was filed under Section 10 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) in respect of ROOFCO Trading Company Private Limited.

## Facts

The petition was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016.

ROOFCO Trading Company Private Limited is the Corporate Applicant.

The Corporate Debtor's CIN is U51432KL2004PTC017322.

The total amount in default towards Financial Creditors is Rs. 23,36,51,745/-.

The total amount in default towards Operational Creditors is Rs. 5,55,33,865/-.

The Corporate Applicant had previously filed an application under Section 10, which was dismissed due to incomplete annexures.

The Board of Directors and shareholders passed a resolution for initiation of CIRP.

State Bank of India and Cholamandalam IFC Limited, both financial creditors, submitted no objection to the application.

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## Issues and analysis

### Issue 1: Whether the application under Section 10 of the Insolvency and Bankruptcy Code, 2016 is complete …

**Ratio:** Section 10 of the Insolvency and Bankruptcy Code, 2016 read with Rule 7 of the Insolvency

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**Reasoning:** The Adjudicating Authority observed that the Corporate Applicant had submitted the

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**Interpretation:** The application was deemed complete as it contained all the necessary

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**Application:** The Adjudicating Authority admitted the application, finding it to be in

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## Parties

- **Judges:** Vinay…
- **Respondents:** ROOFCO Trading…
- **Other parties:** Ajith Bha…; State Bank of…; +3 more
- **Advocates:** Krishnan…; Vinod…; +1 more

## Timeline

- **2025-09-25 — Date of Inst…**: The date on which the…
- **2025-12-02 — Order deliv…**: The date on which the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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