# In the matter of UNITED ROYALFAB ENGINEERING PRIVATE LIMITED

> NCLT judgment dated 2025-12-03. Citation: TCN-2025-NCLT-01775. The case involves an application filed by Indian Bank, the Financial Creditor, under Section 7…

- **Court:** NCLT
- **Order date:** 3 Dec 2025
- **Citation:** TCN-2025-NCLT-01775
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/united-royalfab-engineering-private-limited-04d2760e

## Summary

### Background

The case involves an application filed by Indian Bank, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s United Royalfab Engineering Private Limited, the Corporate Debtor.

## Facts

Indian Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s United Royalfab Engineering Private Limited, the Corporate Debtor.

The Corporate Debtor was granted credit facilities by the Financial Creditor, which were reviewed, renewed, and enhanced from time to time.

The last creditor facilities sanctioned to the Corporate Debtor were sanctioned vide sanction letter dated 20.05.2020, which was duly acknowledged by the Corporate Debtor.

…

## Issues and analysis

### Issue 1: Whether the application under …

**Ratio:** The application is maintainable if there is a financial debt, a default, and the

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**Reasoning:** The Financial Creditor has placed detailed sanction letters, loan documents,

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**Interpretation:** The Hon'ble Supreme Court has clarified that for invoking Section 7 of the

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**Application:** The Tribunal found that the existence of a financial debt, an undisputed

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## Parties

- **Judges:** BIDISHA BA…; Cmde Siddharth…
- **Appellants:** Indian…
- **Respondents:** M/s United…
- **Other parties:** Niraj Ag…
- **Advocates:** Santosh K…; Zeba…; +5 more

## Timeline

- **2020-05-20 — Sanction Lett…**: Last creditor facilities…
- **2020-06-09 — Security Documents…**: Corporate Debtor executed various security…

## 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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