# In the matter of COMP-PRINT KALPANA PRIVATE LIMITED

> NCLT judgment dated 2025-11-04. Citation: TCN-2025-NCLT-01583. Comp-Print Kalpana Private Limited filed a company petition under Section 10 of the Insolvency…

- **Court:** NCLT
- **Order date:** 4 Nov 2025
- **Citation:** TCN-2025-NCLT-01583
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/comp-print-kalpana-private-limited-380d1995

## Summary

### Background

Comp-Print Kalpana Private Limited filed a company petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate its own Corporate Insolvency Resolution Process (CIRP).

## Facts

Comp-Print Kalpana Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016.

The Corporate Applicant was incorporated on 20.10.1984 as a Private Limited company.

The Corporate Applicant has availed various loan facilities and has created charge over its assets.

The creditors of the Applicant Company consist of secured financial creditors, unsecured financial creditors and operational creditors aggregating to a total debt of Rs. 5,37,21,035/-.

The board of directors of the corporate applicant passed a resolution on 14.10.2023 to make an application to initiate CIRP.

The shareholders of the Corporate Applicant passed a special resolution on 21.10.2023 consenting to the initiation of CIRP.

…

## Issues and analysis

### Issue 1: Whether the application under Section 10 of the Insolvency and Bankruptcy Code, 2016 is complete …

**Ratio:** Section 10(4) of the Code allows the Adjudicating Authority to admit the Petition if it

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**Reasoning:** The Adjudicating Authority considered the documents submitted by the Corporate Applicant,

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**Interpretation:** The Adjudicating Authority interpreted Section 10(4) of the Code to mean that

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**Application:** The Adjudicating Authority found that the application was complete and that

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## Parties

- **Judges:** LAKSHMI G…; Hariharan…
- **Respondents:** Comp-Print…
- **Other parties:** Anand C.…; Indiabulls…; +3 more
- **Advocates:** Akshay P…; Aniket…

## Timeline

- **2023-12-16 — Filing of P…**: The Corporate Applicant filed the petition in Form-6 under Rule 7 of the Insolvency and…
- **2025-08-26 — Tribunal…**: During the course of hearing the Tribunal vide order dated 26.08.2025, sought the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 11 — Persons not entitled to make application](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-11)

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