# In the matter of UNITED ROYALFAB ENGINEERING PRIVATE LIMITED

> NCLT judgment dated 2025-12-03. Citation: TCN-2025-NCLT-01807. 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-01807
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/united-royalfab-engineering-private-limited-a6c498ed

## 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 the 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.

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## Issues and analysis

### Issue 1: Whether the application has been filed …

**Ratio:** The issuance of a Recovery Certificate

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**Reasoning:** The Financial Creditor relied on the judgment in Dena Bank v. C. Shivakumar Reddy, where

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**Interpretation:** The limitation period restarts from the

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**Application:** The plea of limitation does not survive as the application was filed within the

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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 sanctioned to the Corporate Debtor vide sanction letter dated…
- **2020-06-09 — Execution of Security…**: Corporate Debtor executed security documents in favor of the Financial Creditor on…

## 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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