# In the matter of Indus Projects Limited

> NCLT judgment dated 2025-05-08. Citation: TCN-2025-NCLT-00979. De's Technico Limited, the Operational Creditor (OC), filed an application under Section 9 of…

- **Court:** NCLT
- **Order date:** 8 May 2025
- **Citation:** TCN-2025-NCLT-00979
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/indus-projects-limited-5a61b176

## Summary

### Background

De's Technico Limited, the Operational Creditor (OC), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Indus Projects Limited, the Corporate Debtor (CD), due to a default of Rs.3,20,77,578/-.

## Facts

The application was filed on 16.08.2021 under Section 9 of the IBC.

The total amount of default alleged is Rs.3,20,77,578/-.

The default is based on work orders issued by the CD to the OC for installation of Rimseal Fire Protection System (RFPS) for ONGC.

The OC filed arbitration proceedings before the West Bengal State Micro and Small Enterprises Facilitation Council, Kolkata (MSME Council).

The MSME Council passed an award dated 13.10.2020 in OC's favor.

The CD challenged the MSME Council's order before the Calcutta High Court.

The OC issued a demand notice dated 30.06.2021 under Section 8 of the IBC.

The CD claimed the OC's claims are barred by limitation.

The CD contended there was a pre-existing dispute over the quality of work.

…

## Issues and analysis

### Issue 1: Whether Section 10A of the IBC is …

**Ratio:** Section 10A of the IBC provides protection to corporate debtors from initiation of CIRP

…

**Reasoning:** The NCLT relied on the NCLAT's decision in Hyline Mediconz Private Limited Vs. Anandaloke

…

**Interpretation:** The Explanation to Section 10A clarifies that the provisions do not apply to

…

**Application:** The NCLT determined that the date of default was 04.04.2017, prior to

…

## Parties

- **Judges:** SANJIV…; K. R. SAJI…
- **Appellants:** DES Techni…
- **Respondents:** Indus Projects…; Indus Proje…
- **Other parties:** Vivek Satyaprakash…; De's Technico…
- **Advocates:** Rohit G…; Ruturaj V.…; +4 more

## Timeline

- **16.08.2021 — Application…**: De's Technico Limited filed an…
- **30.08.2015 — Work Orders…**: Indus Projects Limited issued work…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

---

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/indus-projects-limited-5a61b176