# Bank of India vs. TDT Copper Limited

> NCLT judgment dated 16 Oct 2025. Citation: TCN-2025-NCLT-01493. The case involves a petition filed by Bank of India, the Financial Creditor, under Section 7…

- **Court:** NCLT
- **Order date:** 16 Oct 2025
- **Citation:** TCN-2025-NCLT-01493
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/bank-of-india-vs-tdt-copper-limited-9bd6131f

## Summary

### Background

The case involves a petition filed by Bank of India, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against TDT Copper Limited, the Corporate Debtor, due to a default in payment.

## Facts

Bank of India, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against TDT Copper Limited, the Corporate Debtor.

The Corporate Debtor was incorporated on 17.11.1993.

The Financial Creditor sanctioned a Working Capital Limit of Rs. 40 Crores to the Corporate Debtor on 07.06.2010.

The Corporate Debtor availed working capital limits from the Applicant from time to time and executed Working Capital Consortium Agreement with the Lenders including the Applicant.

The Corporate Debtor's limits were overdrawn on 25.01.2019, which is the date of default.

The account of the Corporate Debtor was classified as Non-Performing Asset on 30.04.2019.

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## Issues and analysis

### Issue 1: Whether the petition under Section …

**Ratio:** Section 7(5)(a) of the IBC allows the Adjudicating Authority to admit an application if a

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**Reasoning:** The Adjudicating Authority considered the documents and submissions made by the Financial

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**Interpretation:** The court interpreted Section 7 of the IBC to mean that once a default is

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**Application:** Based on the facts presented, including the default, the completeness of the

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ANU JAGMOHA…
- **Appellants:** BANK OF…
- **Respondents:** TDT Copper…
- **Other parties:** Insolvency and…; Corporate…; +4 more

## Timeline

- **2010-06-07 — Sanction of Working…**: The Applicant sanctioned Working Capital Limit…
- **2019-01-25 — Date of D…**: The Corporate Debtor's…

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