# In the matter of TRIVENIMUDRAI PROJECT LIMITED

> NCLT judgment dated 2026-01-13. Citation: TCN-2026-NCLT-00034. Baij Nath Ram Nath (India) Private Limited, the Operational Creditor (OC), filed a petition…

- **Court:** NCLT
- **Order date:** 13 Jan 2026
- **Citation:** TCN-2026-NCLT-00034
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/trivenimudrai-project-limited-fa9760b3

## Summary

### Background

Baij Nath Ram Nath (India) Private Limited, the Operational Creditor (OC), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Trivenimudrai Projects Limited, the Corporate Debtor (CD), due to an alleged default of Rs. 2,11,15,169/-. The claim arises from the supply of construction-aid materials on hire basis.

## Facts

Baij Nath Ram Nath (India) Private Limited (BNRN) filed a petition under Section 9 of the IBC to initiate CIRP against Trivenimudrai Projects Limited (TMPL) for a default of Rs. 2,11,15,169/-.

BNRN supplied construction materials to Rajkeshari Projects Limited (RKPL) on a hire basis.

RKPL placed two hire work orders with BNRN.

RKPL failed to return the hired materials and defaulted on payments.

BNRN, being an MSME, approached the MSME Facilitation Council, but the proceedings were unsuccessful.

TMPL informed BNRN that the materials were utilized exclusively by TMPL.

A tripartite MOU-Cum-Accounts Settlement Agreement was executed between BNRN, TMPL, and RKPL.

…

## Issues and analysis

### Issue 1: Whether the claim of the Operational Creditor qualifies as an 'operational debt' under Section …

**Ratio:** The definition of operational debt is wide, and what is material is the nature and origin

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**Reasoning:** The claim arises from the supply of construction-aid materials on hire in the ordinary

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**Interpretation:** The Adjudicating Authority relied on the Supreme Court's decision in

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**Application:** The objection of the Respondent that the original work orders were issued by

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Baij Nath Ram…
- **Respondents:** Trivenimudrai…
- **Other parties:** Jyothsana R…; Mahesh Kuma…
- **Advocates:** Avneesh…; Pulkit S…; +3 more

## Timeline

- **14.12.2024 — Filing of Company…**: Company Petition No. C.P. (IB) 265/MB/2025…
- **15.05.2024 — Last Date of…**: The last date of default is 15.05.2024, being…

## 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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