# In the matter of Sigma Techinfra Solutions (India) Private Limited

> NCLT judgment dated 2023-07-11. Citation: TCN-2023-NCLT-05334. The case involves a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC)…

- **Court:** NCLT
- **Order date:** 11 Jul 2023
- **Citation:** TCN-2023-NCLT-05334
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/sigma-techinfra-solutions-india-private-limited-944512c4

## Summary

### Background

The case involves a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Sudesh Ramkrishna Bhosle (Operational Creditor) seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Sigma TechInfra Solutions (India) Private Limited (Corporate Debtor).

## Facts

Sudesh Ramkrishna Bhosle, the Operational Creditor, filed a Company Petition under Section 9 of the IBC, 2016.

The Operational Creditor claimed a default amount of Rs. 13,26,88,000/- from Sigma TechInfra Solutions (India) Private Limited.

The date of default was specified as 01.10.2020.

The Operational Creditor entered into a contract with the Corporate Debtor to provide technical and non-technical staff for supervision at Hinjewadi Pune Site and Survey of Slums in Various parts in Mumbai.

The Corporate Debtor raised an invoice No. STSIPL/Mum/SRB/2020-21/230 dated 31.05.2020 amounting to Rs. 11,80,00,000/-.

The Operational Creditor made full payments of the invoiced amount between 28.07.2020 and 21.09.2020.

…

## Issues and analysis

### Issue 1: Whether the application for initiation of CIRP is barred by Section 10A of the IBC, considering the …

**Ratio:** Section 10A of the IBC prohibits the initiation of CIRP for defaults occurring on or

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**Reasoning:** The date of default in this case is 01.10.2020, which falls within the period prescribed

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**Interpretation:** Section 10A provides a bar on initiating CIRP for defaults occurring during the

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**Application:** Since the default occurred on 01.10.2020, the application is barred by Section

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## Parties

- **Judges:** Prabhat…; KISHORE VEMULAPALL…
- **Appellants:** Sudesh Ramkrishna…
- **Respondents:** Sigma Techinfra…
- **Advocates:** Arnab D…; Manoj M…

## Timeline

- **2021-06-04 — Filing of Company…**: Company Petition filed on 04/06/2021…
- **2020-10-01 — Date of D…**: The date of default as specified in…

## 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)

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