# Sammaan Capital Limited vs. Noida Marketing Private Limited

> NCLT judgment dated 24 Apr 2026. Citation: TCN-2026-NCLT-00539. Sammaan Capital Limited (Financial Creditor) initiated Corporate Insolvency Resolution Process…

- **Court:** NCLT
- **Order date:** 24 Apr 2026
- **Citation:** TCN-2026-NCLT-00539
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/sammaan-capital-limited-vs-noida-marketing-private-limited-m3nvb

## Summary

### Background

Sammaan Capital Limited (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Noida Marketing Private Limited, which served as a Corporate Guarantor for a financial facility extended to Parsavnath Developers Limited (Principal Debtor). The Principal Debtor defaulted on loan repayments in 2022 and again in July 2023, prompting the Financial Creditor to recall the loan and invoke the guarantee. As of July 8, 2024, the total outstanding debt, including interest and TDS, exceeded Rs. 211 Crores. Noida Marketing Private Limited contested the petition, alleging arbitrary foreclosure of loan accounts, unilateral interest rate hikes, and non-reconciliation of accounts by the Financial Creditor, claiming that no actual default occurred or that a

…

## Facts

Sammaan Capital Limited (Financial Creditor) filed a petition under Section 7 of IBC, 2016, against Noida Marketing Private Limited (Corporate Guarantor/Debtor) for initiation of CIRP.

Sammaan Capital Limited extended financial facilities to Parsavnath Developers Limited (Principal Debtor).

Noida Marketing Private Limited stood as Corporate Guarantor for the financial facility extended to Parsavnath Developers Limited.

The Principal Debtor committed its first default in repayment in 2022 and a second default in July 2023.

As of 08.07.2024, the total outstanding loan amount with interest was Rs. 211,46,76,821/-, along with pending TDS of Rs. 5,60,13,003/-.

…

## Issues and analysis

### Issue 1: Whether Noida Marketing Private Limited, as a Corporate Guarantor, has committed default on the …

**Ratio:** A contract of guarantee signifies an undertaking to perform the promise or discharge the

…

**Reasoning:** The Respondent (Noida Marketing Private Limited) explicitly acted as a Corporate

…

**Interpretation:** The legal interpretation of a guarantee dictates that the guarantor's liability

…

**Application:** Given the documented defaults by the Principal Debtor and the Financial

…

## Parties

- **Judges:** Sh. Ashok Kumar…; ATUL CHAT…
- **Appellants:** Sammaan Capital…
- **Respondents:** Noida Marketing…
- **Other parties:** Corporate…; Insolvency and…; +11 more

## Timeline

- **2018-N/A-N/A — Financial Facility…**: Sammaan Capital Limited (Financial Creditor) extended financial facility to Parsavnath…
- **2022-N/A-N/A — First Default by…**: Parsavnath Developers Limited committed its…

---

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/sammaan-capital-limited-vs-noida-marketing-private-limited-m3nvb