# In the matter of RADHAGOBIND COMMERCIAL LIMITED

> NCLT judgment dated 2025-10-30. Citation: TCN-2025-NCLT-01585. The case pertains to an application filed by Fort Café Food Services Pvt. Ltd., the Financial…

- **Court:** NCLT
- **Order date:** 30 Oct 2025
- **Citation:** TCN-2025-NCLT-01585
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/radhagobind-commercial-limited-808b69ae

## Summary

### Background

The case pertains to an application filed by Fort Café Food Services Pvt. Ltd., the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against Radhagobind Commercial Ltd., the Corporate Debtor, due to a default of INR 1,02,60,000/-.

## Facts

Fort Café Food Services Pvt. Ltd. filed an application under Section 7 of the IBC to initiate CIRP against Radhagobind Commercial Ltd.

The total default amount claimed by the Financial Creditor is INR 1,02,60,000/-.

A loan agreement was entered into between the parties on 26.09.2023.

The Corporate Debtor is a BSE-listed company primarily involved in trading fabrics.

The Corporate Debtor admitted to the disbursal of money against consideration but cited adverse financial conditions for the default.

The loan tenure of 11 months expired on 27.08.2024.

No payment was made after 25.03.2024 by the Corporate Debtor.

The Financial Creditor discovered adverse information in the Corporate Debtor's annual report for the fiscal year 2024.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor committed a …

**Ratio:** The Corporate Debtor admitted to the disbursal of money against consideration but cited

…

**Reasoning:** The Tribunal considered the submissions of both parties and examined the relevant

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**Interpretation:** The Tribunal interpreted the facts to

…

**Application:** The Tribunal applied the provisions of Section 7 of the IBC to the facts of the

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## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** Fort Café Food…; Fort Café…
- **Respondents:** Radhagobind…
- **Other parties:** NAJEEB…
- **Advocates:** Akhil S…; Tanvi Luha…; +1 more

## Timeline

- **2023-09-26 — Loan Agre…**: A loan agreement was entered…
- **2024-03-25 — Last Pay…**: No payment was made after this…

## 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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