# In the matter of PLANET MARATHI SELLER SERVICES PRIVATE LIMITED

> NCLT judgment dated 2025-10-31. Citation: TCN-2025-NCLT-01586. Times Strategic Solutions Limited filed an application under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 31 Oct 2025
- **Citation:** TCN-2025-NCLT-01586
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/planet-marathi-seller-services-private-limited-ca06baba

## Summary

### Background

Times Strategic Solutions Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Planet Marathi Seller Services Private Limited, the Corporate Debtor, due to an alleged default of Rs. 1,53,43,007/-.

## Facts

Times Strategic Solutions Limited (Operational Creditor) filed CP (IB) No. 634/MB/2025 under Section 9 of IBC to initiate CIRP against Planet Marathi Seller Services Private Limited (Corporate Debtor).

The alleged default amount is Rs. 1,53,43,007/-, including principal (Rs. 1,18,00,000/-) and interest (Rs. 35,43,007/-).

The Operational Creditor and Corporate Debtor entered into a Services Agreement for the Filmfare Awards Marathi 2022.

The Operational Creditor raised a Tax Invoice dated 31.03.2023, which was allegedly acknowledged and accepted by the Corporate Debtor.

The Corporate Debtor issued a cheque for Rs. 35,00,000/- towards part payment, but later requested the Operational Creditor not to deposit it.

…

## Issues and analysis

### Issue 1: Whether the inclusion of GST in the claim is …

**Ratio:** GST, being a statutory levy forming part of the total invoice value, is payable by the

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**Reasoning:** The NCLT observed that the invoice expressly included GST as part of the contractual

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**Interpretation:** The inclusion of GST in the operational debt is permissible as it is a

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**Application:** The NCLT rejected the Corporate Debtor's contention that the inclusion of GST

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Times Strategic…
- **Respondents:** Planet Marathi…
- **Other parties:** Akshay Vilas…; Rishabh…
- **Advocates:** Sukrit R.…; Sanidya…; +4 more

## Timeline

- **2022-08-26 — Marketing Support…**: Marketing Support Services Agreement was signed between Times Strategic Solutions Limited…
- **2023-03-30 — Filmfare Awards Marathi…**: Successful conduct of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(21) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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