# In the matter of RELIANCE HOME FINANCE LIMITED

> NCLT judgment dated 2025-09-16. Citation: TCN-2025-NCLT-01362. Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition under Section 7 of the…

- **Court:** NCLT
- **Order date:** 16 Sept 2025
- **Citation:** TCN-2025-NCLT-01362
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/reliance-home-finance-limited-f12b564e

## Summary

### Background

Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Reliance Home Finance Limited, seeking the commencement of the Corporate Insolvency Resolution Process (CIRP).

## Facts

Invent Assets Securitisation & Reconstruction Pvt. Ltd. filed a petition on 17.01.2025 against Reliance Home Finance Limited under Section 7 of the IBC.

The amount claimed to be in default is INR 7,80,98,017/-, including outstanding interest.

Reliance Home Finance Limited availed financial assistance from Reliance Commercial Finance Limited (RCFL) pursuant to an Inter Corporate Loan Facility Agreement dated 01.04.2023.

RCFL disbursed a total sum of Rs. 4,85,00,000/- to Corporate Debtor between 03.05.2023 and 29.03.2024.

Authum Investment & Infrastructure Limited disbursed a total sum of Rs. 2,15,00,000/- to Corporate Debtor between 28.05.2024 and 08.11.2024 after the demerger of the lending business of RCFL into Authum.

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## Issues and analysis

### Issue 1: Whether the application under …

**Ratio:** The Adjudicating Authority has to determine whether there is debt and default and if it

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**Reasoning:** The Adjudicating Authority relied on the decision of the Hon'ble Supreme Court in

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**Interpretation:** The Adjudicating Authority must be satisfied that a default has occurred before

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**Application:** The Adjudicating Authority found that the Corporate Debtor committed a default

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Invent Assets…; Invent Assets…
- **Respondents:** Reliance Home…
- **Other parties:** Umesh Balaram…
- **Advocates:** Amir Ars…; Mithila…; +1 more

## Timeline

- **2023-04-01 — Inter Corporate Loan…**: Agreement between Reliance Home Finance Limited…
- **2023-05-03 — Disburse…**: First disbursement of…

## 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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