# Central Bank of India vs. C.K. Software Private Limited

> NCLT judgment dated 20 Nov 2025. Citation: TCN-2025-NCLT-01841. The Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 20 Nov 2025
- **Citation:** TCN-2025-NCLT-01841
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/central-bank-of-india-vs-ck-software-private-limited-4b116ecc

## Summary

### Background

The Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against C.K. Software Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 379,16,21,684/-.

## Facts

Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.

The petition seeks to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. C.K. Software Private Limited.

The Corporate Debtor defaulted on a payment of Rs. 379,16,21,684/-.

The application was filed on 13.05.2024.

Central Bank of India is a financial institution constituted under The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970.

M/s. Hanung Toys & Textile Limited had availed loan facilities from a consortium of banks led by Punjab National Bank.

C.K. Software Private Limited is a Corporate Guarantor to the loan facilities extended to the Principal Borrower.

…

## Issues and analysis

### Issue 1: Whether the admission of a claim by the Resolution Professional constitutes a valid acknowledgment …

**Ratio:** The Hon'ble NCLAT held that the admission of a claim by the Resolution Professional

…

**Reasoning:** The Resolution Professional admitted the claim of Financial Creditor and published the

…

**Interpretation:** The admission of a claim by the RP is interpreted as an acknowledgment of

…

**Application:** The petition having been filed on 13.05.2024 falls within the limitation period

…

## Parties

- **Judges:** JYOTSNA S…; ANU JAGMOHA…
- **Appellants:** Central Bank of…
- **Respondents:** M/S. C.K.…
- **Other parties:** Insolvency and…; Corporate…; +4 more

## Timeline

- **2024-05-13 — Application…**: The present application was filed on…
- **2025-04-07 — Ex Parte…**: The matter was proceeded ex parte against the Corporate Debtor vide order dated…

---

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-kolkata/central-bank-of-india-vs-ck-software-private-limited-4b116ecc