# In the matter of FINDEAL INVESTMENTS PRIVATE LIMITED

> NCLT judgment dated 2025-12-04. Citation: TCN-2025-NCLT-01761. Wonderdream Developers Private Limited filed an application under Section 7 of the IBC to…

- **Court:** NCLT
- **Order date:** 4 Dec 2025
- **Citation:** TCN-2025-NCLT-01761
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/findeal-investments-private-limited-2f309d8b

## Summary

### Background

Wonderdream Developers Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Findeal Investments Private Limited due to a default on a short-term loan agreement.

## Facts

Wonderdream Developers Private Limited (Financial Creditor) filed an application under Section 7 of the IBC to initiate CIRP against Findeal Investments Private Limited (Corporate Debtor).

The Financial Creditor disbursed Rs. 17,26,00,000/- to the Corporate Debtor between 11.10.2023 and 01.02.2024, out of a sanctioned amount of Rs. 18,00,00,000/-.

The Corporate Debtor defaulted on the repayment of the loan, with the date of default stated as 31.12.2024.

The outstanding amount claimed in default is Rs. 21,06,19,288/-, including interest.

The Corporate Debtor admitted to receiving the financial assistance and acknowledged the outstanding amount as payable but cited financial difficulties due to COVID-19 and stock market losses.

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## Issues and analysis

### Issue 1: Whether the Applicant has proven the existence of a financial debt and default by the Corporate …

**Ratio:** Section 7 of the Insolvency

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**Reasoning:** The Applicant provided the loan agreement, disbursement records, and confirmations of

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**Interpretation:** The Adjudicating Authority found that the Applicant had conclusively

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**Application:** The Adjudicating Authority admitted the

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Wonderdream…
- **Respondents:** Findeal Investment…
- **Other parties:** Manoj G…; Dharmendra…
- **Advocates:** Prathamesh…; Prisca Fer…

## Timeline

- **2023-09-15 — Short-Term Loan…**: Short-Term Loan Agreement executed between Wonderdream Developers Private Limited and…
- **2023-10-11 — Disbursement S…**: Wonderdream Developers Private Limited…

## 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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