# In the matter of V FORCE TRADING PRIVATE LIMITED

> NCLT judgment dated 2025-09-15. Citation: TCN-2025-NCLT-01369. The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 15 Sept 2025
- **Citation:** TCN-2025-NCLT-01369
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/v-force-trading-private-limited-b30de5f1

## Summary

### Background

The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Invent Assets Securitisation and Reconstruction Private Limited (Financial Creditor) against V Force Trading Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP).

## Facts

Invent Assets Securitisation and Reconstruction Private Limited filed an application under Section 7 of the IBC against V Force Trading Private Limited.

The amount claimed to be in default is INR 64,94,59,438 as on 09.01.2025, including a principal claim of INR 11,42,83,697.36 and interest of INR 53,51,75,741.

The date of default was stated as 20th July, 2024, in the amended Form 1.

V Force Trading Private Limited extended a corporate guarantee to State Bank of Patiala for loan facilities granted to J.B. Global Sourcing India Private Limited.

State Bank of Patiala assigned the debt due from J.B. Global Sourcing India Private Limited to Invent Assets Securitisation and Reconstruction Private Limited on 10.07.2014.

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor committed a default in repayment of financial debt owed to the …

**Ratio:** Yes, the Corporate Debtor committed a default in repayment of financial debt owed to the

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**Reasoning:** The Corporate Debtor failed to pay the outstanding dues despite the order of the Debts

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**Interpretation:** The failure to comply with the order of the Debts Recovery Tribunal constitutes

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**Application:** The Adjudicating Authority was satisfied that the Corporate Debtor committed a

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Invent Assets…
- **Respondents:** V Force Trading…
- **Other parties:** Nitin Om K…
- **Advocates:** Prakhar T…; Agam H.…

## Timeline

- **2007-02-09 — Incorporati…**: Date of incorporation of…
- **2009-02-18 — Board Reso…**: Corporate Debtor resolved to extend corporate…

## 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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