# Kamyabi Vanijya Private Limited vs. Arthur Turnkey Projects Limited

> NCLT judgment dated 2026-08-04. Citation: TCN-2026-NCLT-00803. Kamyabi Vanijya Private Limited (Financial Creditor/Applicant), a Non-Banking Financial…

- **Court:** NCLT
- **Order date:** 4 Aug 2026
- **Citation:** TCN-2026-NCLT-00803
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/kamyabi-vanijya-private-limited-vs-arthur-turnkey-projects-limited-vaqoz

## Summary

### Background

Kamyabi Vanijya Private Limited (Financial Creditor/Applicant), a Non-Banking Financial Corporation, filed a Section 7 application under the Insolvency and Bankruptcy Code, 2016, against Arthur Turnkey Projects Limited (Corporate Debtor/Respondent) for initiating Corporate Insolvency Resolution Process (CIRP). The application was filed due to a default in repayment of a financial debt amounting to Rs. 1,09,05,423/-. The Corporate Debtor had obtained a short-term loan of Rs. 1,00,00,000/- at 9% p.a. interest, repayable by March 31, 2025, but failed to repay the principal and accrued interest.

## Facts

The Financial Creditor, Kamyabi Vanijya Private Limited, is a Non-Banking Financial Corporation engaged in money lending and investments in securities.

The Corporate Debtor, Arthur Turnkey Projects Limited, is engaged in Fabrication and other ancillary activities of iron, steel and MIS items.

The Financial Creditor filed a company petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against the Corporate Debtor.

The Corporate Debtor approached the Financial Creditor for a short-term loan accommodation for its business requirements.

A loan agreement dated 19.11.2024 was executed between the Financial Creditor and the Corporate Debtor.

…

## Issues and analysis

### Issue 1: Whether there exists a financial debt …

**Ratio:** A financial debt and default are established by documentary evidence including loan

…

**Reasoning:** The NCLT found that the Financial Creditor disbursed Rs. 1,00,00,000/- as a loan to the

…

**Interpretation:** The term 'financial debt' under IBC Section 5(8) includes a disbursal against

…

**Application:** The loan provided by Kamyabi Vanijya Private Limited to Arthur Turnkey Projects

…

## Parties

- **Judges:** BIDISHA BANERJEE,…; REKHA KANTILAL…
- **Appellants:** Kamyabi Vanijya…
- **Respondents:** Arthur Turnkey…
- **Other parties:** Committee of…; Abhit Kumar…
- **Advocates:** Shreya Cho…; Arundhati Barman…; +3 more

## Timeline

- **2024-11-19 — Loan Agreement…**: A loan agreement was executed between the Financial Creditor and the Corporate Debtor,…
- **2025-03-31 — Loan Repayment…**: The principal loan amount along with accrued interest was due for repayment by this date,…

## 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)

---

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/kamyabi-vanijya-private-limited-vs-arthur-turnkey-projects-limited-vaqoz