# In the matter of TORK MOTORS PRIVATE LIMITED

> NCLT judgment dated 2025-10-31. Citation: TCN-2025-NCLT-01548. Unaprime Investment Advisors Private Limited filed an application under Section 9 of the…

- **Court:** NCLT
- **Order date:** 31 Oct 2025
- **Citation:** TCN-2025-NCLT-01548
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/tork-motors-private-limited-d16990cd

## Summary

### Background

Unaprime Investment Advisors Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Tork Motors Private Limited, the Corporate Debtor, due to a default of Rs. 1,29,34,797/-.

## Facts

The application was filed on 29.01.2025 by Unaprime Investment Advisors Private Limited.

The amount claimed to be in default is Rs.1,29,34,797/-.

The date of default is stated to be 05.02.2024.

The Applicant was appointed as professional advisor to the CD for facilitating a capital infusion of USD 50 million.

The CD entered into agreements with Bennett Coleman and Company Limited (BCCL) which triggered the liability to pay the Success Fee of Rs.1,15,05,000/-.

The CD does not dispute the operational debt of Rs.1,15,05,000/-.

The CD cited severe financial constraints and operational disruptions as reasons for non-payment.

The Applicant issued a Demand Notice under Section 8 of the IBC on 25.08.2024, followed by a revised notice on 04.09.2024.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor committed a default …

**Ratio:** The CD admitted the existence and

…

**Reasoning:** The CD acknowledged the services rendered by the Applicant and the liability to pay the

…

**Interpretation:** The admission of the debt and the failure to make payment constitutes a default

…

**Application:** The Adjudicating Authority found that the CD committed a default in payment of

…

## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Unaprime Investmen…
- **Respondents:** Tork Motors…
- **Other parties:** Anagha Anasingaraj…
- **Advocates:** Rohit G…; Pranav…; +1 more

## Timeline

- **2025-01-29 — Application…**: Unaprime Investment Advisors Private Limited…
- **2024-05-02 — Date of D…**: The date of default in Part IV…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-mumbai/tork-motors-private-limited-d16990cd