# In the matter of JALDHAKA COLD STORAGE PRIVATE LIMITED

> NCLT judgment dated 2026-01-19. Citation: TCN-2026-NCLT-00135. UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against…

- **Court:** NCLT
- **Order date:** 19 Jan 2026
- **Citation:** TCN-2026-NCLT-00135
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/jaldhaka-cold-storage-private-limited-3463b3e9

## Summary

### Background

UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Jaldhaka Cold Storage Private Limited, claiming a default of Rs. 23,33,05,408.54 as of 08.10.2024. The Corporate Debtor's account was declared NPA on 30.06.2020.

## Facts

UCO Bank filed a petition under Section 7 of the IBC against M/s Jaldhaka Cold Storage Private Limited.

The claimed default amount was Rs. 23,33,05,408.54 as of 08.10.2024.

The Corporate Debtor's account was declared NPA on 30.06.2020.

The Corporate Debtor enjoyed credit facilities with UCO Bank prior to March 2019, with a total exposure of Rs. 1407.20 Lakh.

The Corporate Debtor submitted several OTS proposals from June 2022 to June 2024, which were considered by the Financial Creditor.

The Corporate Debtor did not make any representation despite service of notice and was set ex parte.

The petition was filed within the limitation period, considering the Suo Motu order of the Supreme Court and the OTS proposals.

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## Issues and analysis

### Issue 1: Whether the petition is …

**Ratio:** The petition is within

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**Reasoning:** The Corporate Debtor's account was restructured in March 2019, and the default occurred

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**Interpretation:** The Adjudicating Authority considered the Supreme Court's Suo Motu order and

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**Application:** The principles of limitation were applied to the facts of the case, considering

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## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** UCO B…
- **Respondents:** M/s Jaldhaka Cold…
- **Other parties:** Bidyut…; Mou P…; +7 more
- **Advocates:** Rahul A…; Aditya G…

## Timeline

- **2019-03-30 — Letter of S…**: Letter of Sanction bearing No.…
- **2020-06-30 — NPA Decla…**: The Corporate Debtor's accounts were declared Non-Performing Asset (NPA) with effect from…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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