# In the matter of NAC ADVERTISING INDIA PRIVATE LIMITED

> NCLT judgment dated 2025-08-05. Citation: TCN-2025-NCLT-01173. The Corporate Applicant, NAC ADVERTISING INDIA PRIVATE LIMITED, filed a Company Petition under…

- **Court:** NCLT
- **Order date:** 5 Aug 2025
- **Citation:** TCN-2025-NCLT-01173
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/nac-advertising-india-private-limited-03881dac

## Summary

### Background

The Corporate Applicant, NAC ADVERTISING INDIA PRIVATE LIMITED, filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016, seeking to initiate its own Corporate Insolvency Resolution Process (CIRP).

## Facts

NAC ADVERTISING INDIA PRIVATE LIMITED was incorporated on 12.12.1983 under the Companies Act, 1956.

The Corporate Applicant has an authorized share capital of Rs. 25,00,000/- and is involved in the business of advertisement services.

The Corporate Applicant took loans from Fortune Credit Capital (United Petro Finance Limited), IndusInd Bank, and Insta Capital Bank, as well as operational debt from some creditors.

The Company has been incurring losses for the last 6 to 8 years and is unable to pay off its creditors.

IndusInd Bank transferred the financial asset to Edelweiss Asset Reconstruction Company Ltd. on 28.03.2022.

The total debt amounting to default is Rs. 9,92,04,452.09/-.

The liabilities of the Corporate Applicant exceed its assets.

…

## Issues and analysis

### Issue 1: Whether the application made by the Corporate Applicant is complete in all respects as required by …

**Ratio:** The Bench is of the view that the application made by the Corporate Applicant is complete

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**Reasoning:** After hearing the submissions and upon perusing the supporting documents annexed with the

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**Interpretation:** The application fulfills all legal

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**Application:** The application is deemed valid and can

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Roshan Narayandas…
- **Respondents:** NAC Advertising…
- **Other parties:** Fortune Credit…; INDUSIND…; +3 more
- **Advocates:** A. K. M…

## Timeline

- **12.12.1983 — Incorpor…**: NAC ADVERTISING INDIA PRIVATE…
- **28.03.2022 — Asset Tra…**: IndusInd Bank transferred the financial asset to Edelweiss Asset Reconstruction Company…

## Legal provisions

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

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