# In the matter of RPL SUNLIGHT POWER PRIVATE LIMITED

> NCLT judgment dated 2026-03-26. Citation: TCN-2026-NCLT-00257. Authum Investments & Infrastructure Limited filed an application under Section 7 of the IBC,…

- **Court:** NCLT
- **Order date:** 26 Mar 2026
- **Citation:** TCN-2026-NCLT-00257
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/rpl-sunlight-power-private-limited-81e9c75b

## Summary

### Background

Authum Investments & Infrastructure Limited filed an application under Section 7 of the IBC, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate CIRP against M/s RPL Sunlight Power Private Limited.

## Facts

Authum Investments & Infrastructure Limited (formerly Reliance Commercial Finance Limited) filed a petition under Section 7 of the IBC against RPL Sunlight Power Private Limited.

The amount claimed to be in default is Rs. 4,09,42,22,465/-.

The dates of default are 10.03.2019 and 23.08.2019 for different loan accounts.

Reliance Home Finance Limited (RHFL) had sanctioned working capital loans to the Corporate Debtor.

RHFL's business undertaking was acquired by Authum Investment & Infrastructure Limited.

The Corporate Debtor acknowledged the loans in its audited financial statement for the year ending 31.03.2022.

The Applicant proposed NPV Insolvency Professionals Private Limited as the Interim Resolution Professional (IRP).

…

## Issues and analysis

### Issue 1: Whether the application under …

**Ratio:** The Code prescribes whenever a Corporate Debtor defaults on a debt that is due and

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**Reasoning:** The applicant has demonstrated the

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**Interpretation:** The Adjudicating Authority is only to ascertain the existence of a default from

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**Application:** The application is maintainable as the Corporate Debtor defaulted on its

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Authum Investments…; Siddha Pa…; +1 more
- **Respondents:** RPL Sunlight…; M/s RPL Sunlight…
- **Other parties:** Reliance Commercia…; Reliance Home…; +2 more
- **Advocates:** Siddha Pa…; Nehal R…

## Timeline

- **2024-03-22 — Application…**: C.P. (IB) No.13/MB/2025 (Application) was filed on 22.03.2024 by M/s Authum Investment &…
- **2026-03-26 — Order Pron…**: The case is fixed for pronouncement of the order. The order is pronounced in the open…

## 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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