# In the matter of HARIDRA VINTRADE PRIVATE LIMITED

> NCLT judgment dated 2025-11-25. Citation: TCN-2025-NCLT-01703. UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against…

- **Court:** NCLT
- **Order date:** 25 Nov 2025
- **Citation:** TCN-2025-NCLT-01703
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/haridra-vintrade-private-limited-069d9199

## Summary

### Background

UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Haridra Vintrade Private Limited (HVPL), the Corporate Debtor, for defaulting on a payment of Rs. 2,59,72,349.97.

## Facts

UCO Bank, the Financial Creditor, filed a petition under Section 7 of the IBC against Haridra Vintrade Private Limited, the Corporate Debtor.

The Corporate Debtor defaulted on a payment of Rs. 2,59,72,349.97 as of 30.03.2023.

The Corporate Debtor's account was classified as NPA on 30.03.2023.

The Financial Creditor had sanctioned a Working Capital Limit of Rs 2,50,00,000/- to the Corporate Debtor.

The Financial Creditor filed an application under Section 19 of the Recovery of Debts and Bankruptcy Act 1993, which is pending before the Kolkata Debt Recovery Tribunal Bench-III.

The Adjudicating Authority directed the Financial Creditor to file an affidavit regarding the correctness of the address of the Corporate Debtor.

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## Issues and analysis

### Issue 1: Whether the application under Section 7 of the IBC is complete and maintainable without a NeSL …

**Ratio:** The Hon'ble NCLAT in Vijay Kumar Singhania Vs Bank of Baroda held that the Record of

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**Reasoning:** The Adjudicating Authority observed that the petition was filed without a NeSL report but

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**Interpretation:** The absence of a NeSL report does not invalidate the application if other

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**Application:** The Adjudicating Authority relied on the judgment of Vijay Kumar Singhania Vs

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** UCO B…
- **Respondents:** HARIDRA VINTRADE…
- **Other parties:** Soumitra…
- **Advocates:** A. R…

## Timeline

- **2023-03-30 — NPA Decla…**: The loan account of the Corporate Debtor was…
- **2025-02-21 — Petition…**: The present petition was filed…

## 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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