# In the matter of GREVEK INVESTMENTS AND FINANCE PRIVATE LIMITED

> NCLT judgment dated 2026-04-07. Citation: TCN-2026-NCLT-00310. Q West Infrastructure Private Limited filed a petition under Section 7 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 7 Apr 2026
- **Citation:** TCN-2026-NCLT-00310
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/grevek-investments-and-finance-private-limited-f0fc39f2

## Summary

### Background

Q West Infrastructure Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Grevek Investments and Finance Private Limited, acting as a Corporate Guarantor.

## Facts

Q West Infrastructure Private Limited (Financial Creditor) filed a petition under Section 7 of the IBC against Grevek Investments and Finance Private Limited (Corporate Debtor) as a Corporate Guarantor.

The Financial Creditor had advanced Rs. 11,00,00,000/- to M/s. Starwort Engineers Pvt. Ltd. (Principal Borrower) under an Inter Corporate Deposit Agreement dated 10.11.2020.

The Corporate Debtor executed an irrevocable and unconditional Corporate Guarantee dated 10.11.2020 as security for the advance.

The Principal Borrower defaulted on repayment, leading the Financial Creditor to issue a Demand-cum-Invocation Notice dated 01.01.2024.

The Tribunal initially dismissed the petition due to lack of proof of service of the Demand-cum-Invocation Notice.

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## Issues and analysis

### Issue 1: Whether the Financial Creditor had established service of the Demand-cum-Invocation Notice upon the …

**Ratio:** The NCLAT's judgment set aside the initial dismissal based on the respondent's counsel's

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**Reasoning:** The Tribunal considered the additional affidavit filed by the Financial Creditor, which

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**Interpretation:** Clause 23 of the Corporate Guarantee stipulates that notice shall be

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**Application:** The Tribunal found that the notice was not merely dispatched but was in fact

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## Parties

- **Judges:** NILESH S…; Charanjeet Singh…
- **Appellants:** Q West Infrastruct…
- **Respondents:** Grevek Investments…
- **Other parties:** Rajendra Dattatray…
- **Advocates:** Ansh Kar…; Aniruddh…

## Timeline

- **2020-11-10 — Inter Corporate Deposit…**: The Financial Creditor and M/s. Starwort Engineers Pvt. Ltd. (the Principal Borrower)…
- **2020-11-10 — Corporate Gu…**: The Corporate Debtor executed an irrevocable…

## 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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