# In the matter of Zenith Erectors Private Limited

> NCLT judgment dated 2025-06-12. Citation: TCN-2025-NCLT-00909. Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 12 Jun 2025
- **Citation:** TCN-2025-NCLT-00909
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/zenith-erectors-private-limited-0e8305dc

## Summary

### Background

Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Zenith Erectors P.LTD to initiate a corporate insolvency resolution process.

## Facts

The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016.

Zenith Erectors P.LTD was incorporated on July 22, 1998, and is involved in the manufacture of structural metal products, tanks, reservoirs, and steam generators.

Central Bank of India sanctioned credit limits to Zenith Erectors P.LTD initially in 2001, which were last enhanced on 21.12.2012.

The account of Zenith Erectors P.LTD became irregular and was treated as a Special Mention Account (SMA 0) on 06.03.2013 and was classified as Non-Performing Asset (NPA) on 04.06.2013.

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## Issues and analysis

### Issue 1: Whether the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, is …

**Ratio:** The Adjudicating Authority relied on the decision of the Hon'ble NCLAT in Rajesh Kedia

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**Reasoning:** The Corporate Debtor admitted to liabilities in its audited balance sheets, and the debt

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**Interpretation:** The application is maintainable as long as the debt is above the threshold

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**Application:** The Adjudicating Authority found that the Corporate Debtor had admitted to the

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## Parties

- **Judges:** BIDISHA BA…; Shri. Cmde…
- **Appellants:** Central Bank of…
- **Respondents:** Zenith Erectors…
- **Other parties:** Rajnandan…
- **Advocates:** Dripto Ma…; A. R…; +3 more

## Timeline

- **2025-06-12 — Order Pron…**: The order for…
- **2025-07-10 — Next Hea…**: Matter posted for filing the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(5) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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