# In the matter of Zenith Erectors Private Limited

> NCLT judgment dated 2025-06-12. Citation: TCN-2025-NCLT-00906. 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-00906
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/zenith-erectors-private-limited-6d0f7fef

## 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

Central Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Zenith Erectors P.LTD.

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

The Financial Creditor (FC) sanctioned credit limits initially in 2001, which were lastly enhanced on 21.12.2012.

The account of the Corporate Debtor (CD) became irregular and was treated as a Special Mention Account (SMA 0) on 06.03.2013 and was classified as Non-Performing Asset on 04.06.2013.

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## Issues and analysis

### Issue 1: Whether the quantum of payment of debt is considered before the Adjudicating Authority at the stage …

**Ratio:** The same does not fall for consideration before the Adjudicating Authority at the stage

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**Reasoning:** The only requirement is that the minimum outstanding debt should be more than the

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**Interpretation:** The Adjudicating Authority is not required to determine the exact amount of

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**Application:** The Tribunal relied on the decision of Hon'ble NCLAT in Rajesh Kedia vs.

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## Parties

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

## Timeline

- **2025-06-12 — Order Pron…**: Order was pronounced on 12th June, 2025,…
- **2025-07-10 — Next Hearin…**: Matter posted on 10.07.2025 for filing the…

## 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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