# In the matter of WIND WORLD (INDIA) INFRASTRUCTURE PRIVATE LIMITED

> NCLT judgment dated 2025-10-07. Citation: TCN-2025-NCLT-01450. IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016,…

- **Court:** NCLT
- **Order date:** 7 Oct 2025
- **Citation:** TCN-2025-NCLT-01450
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/wind-world-india-infrastructure-private-limited-4b873020

## Summary

### Background

IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Wind World (India) Infrastructure Private Limited due to a default amount of Rs. 55,19,28,246.50/-.

## Facts

IDBI Bank Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Wind World (India) Infrastructure Private Limited.

The default amount was Rs. 55,19,28,246.50/- as of May 29, 2018.

Wind World India Ltd. (WWIL), the holding company of the Corporate Debtor, is already undergoing CIRP initiated on February 20, 2018.

The Corporate Debtor approached the Petitioner for credit facilities in June 2012 to finance a substation and transmission line project.

The Financial Creditor sanctioned a Term Loan of Rs. 65 Crores with an inner limit of Rs. 50 Crores for LC/LoU for BC to the Corporate Debtor via Sanction letter dated June 28, 2012.

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## Issues and analysis

### Issue 1: Whether the provisions of Section 14(2) of the IBC put fetters in respect of initiation of CIRP of …

**Ratio:** Section 14(2) and 14(2-A) are for the benefit of the company admitted into CIRP. The

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**Reasoning:** The infrastructure is committed only for the provision of services by the Respondent to

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**Interpretation:** The provisions of Section 14(2) do not provide that on account of non-payment

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**Application:** The entirety of facts and circumstances do not suggest that owing to the

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## Parties

- **Judges:** Mohan Prasad…; Charanjeet Singh…
- **Appellants:** IDBI Bank L…
- **Respondents:** Wind World…
- **Other parties:** Ashok B. Ji…; IRED…; +1 more
- **Advocates:** Yash Dh…; Prince Ja…

## Timeline

- **2012-06-28 — Sanction…**: Financial Creditor sanctioned Term Loan of…
- **2016-08-31 — NPA Classif…**: Account of the 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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