# Bank Of Maharashtra vs. DNR India Autotech Private Limited

> NCLT judgment dated 2026-06-30. Citation: TCN-2026-NCLT-00595. Bank of Maharashtra, acting as the Financial Creditor, initiated a Corporate Insolvency…

- **Court:** NCLT
- **Order date:** 30 Jun 2026
- **Citation:** TCN-2026-NCLT-00595
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/bank-of-maharashtra-vs-dnr-india-autotech-private-limited-zq366

## Summary

### Background

Bank of Maharashtra, acting as the Financial Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against DNR India Autotech Private Limited, the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application, filed on 24.12.2025, alleged a default in repayment of a financial debt amounting to Rs. 17,98,68,464.00/-, with the date of default being 24.11.2025. The Corporate Debtor had acted as a corporate guarantor for credit facilities extended to M/s Tirumalla Agro Industries Private Limited by the Bank. Mr. Mangesh Vitthal Kekre was proposed as the Interim Resolution Professional (IRP).

## Facts

C.P. (IB) No.1/MB/2026 (Application) was filed on 24.12.2025 by Bank of Maharashtra.

The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.

Bank of Maharashtra is the Financial Creditor (FC).

M/s DNR India Autotech Private Limited is the Corporate Debtor (CD).

The application seeks to initiate Corporate Insolvency Resolution Process (CIRP) against the CD.

The alleged default is in repayment of financial debt amounting to Rs. 17,98,68,464.00/-.

The date of default as given in Part IV of the Application is 24.11.2025.

…

## Issues and analysis

### Issue 1: Whether the application filed under Section 7 of the IBC, 2016, by Bank of Maharashtra against DNR …

**Ratio:** An application under Section 7 of the IBC is admissible if the Financial Creditor

…

**Reasoning:** The Applicant (Bank of Maharashtra) provided extensive documentation, including sanction

…

**Interpretation:** The Tribunal's role is to ascertain the existence of debt and default, not to

…

**Application:** Given the clear evidence of financial debt and default, the Corporate Debtor's

…

## Parties

- **Judges:** NILESH S…; SAMEER…
- **Appellants:** Bank of Maharashtr…
- **Respondents:** DNR India…
- **Other parties:** Committee of…; Mangesh Vitthal…
- **Advocates:** Prashant…; Gaurav Dev…; +2 more

## Timeline

- **1935 — Incorpor…**: Bank of Maharashtra was…
- **1970 — Legal St…**: Bank of Maharashtra constituted under Banking Companies (Acquisition and Transfer of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

---

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-mumbai/bank-of-maharashtra-vs-dnr-india-autotech-private-limited-zq366