# ADVANCE INDIA PROJECTS LTD. vs. JNB MANAGEMENT PRIVATE LTD.

> NCLT judgment dated 2026-07-10. Citation: TCN-2026-NCLT-00791. Advance India Projects Ltd. (Applicant/Operational Creditor) filed an application seeking…

- **Court:** NCLT
- **Order date:** 10 Jul 2026
- **Citation:** TCN-2026-NCLT-00791
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/advance-india-projects-ltd-vs-jnb-management-private-ltd-ofex9

## Summary

### Background

Advance India Projects Ltd. (Applicant/Operational Creditor) filed an application seeking condonation of a 75-day delay in filing a Company Petition under Section 9 of the IBC against JNB Management Private Ltd. (Respondent/Corporate Debtor). The delay arose from the Applicant's efforts to register its debt with NeSL, which faced deficiencies and was only approved in February 2026, after the limitation period had expired.

## Facts

Advance India Projects Ltd. (Applicant/Operational Creditor) filed I.A. No. 2304 of 2026 in CP (IB) 198 of 2026.

The application seeks condonation of an approximately 75-day delay in filing Company Petition (IB) No. 198 of 2026 under Section 9 of the IBC against JNB Management Private Ltd. (Respondent/Corporate Debtor).

The Applicant, a real estate development company, signed a Co-operation Agreement with the Respondent on 25.05.2016.

Under the agreement, the Respondent was to operate and manage serviced apartments, and the Applicant would pay various fees.

The Applicant discovered on 02.11.2022 that Bridgestreet Accommodations London Limited, a claimed management partner of the Respondent, had gone into liquidation in the United Kingdom.

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## Issues and analysis

### Issue 1: Whether the Limitation Act, 1963 applies with to an application under Section 9 of the IBC, and if …

**Ratio:** The Limitation Act, 1963 applies to applications filed under Sections 7 and 9 of the IBC

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**Reasoning:** Supreme Court judgments in B.K. Educational Services Private Limited, Gaurav

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**Interpretation:** The 'right to sue/apply' accrues when the default occurs. The object of the

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**Application:** Based on the Applicant's own List of Dates and Events, the right to sue/apply

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## Parties

- **Judges:** ANUPINDER SINGH…; RAVINDRA CHATURVED…
- **Appellants:** ADVANCE INDIA…
- **Respondents:** JNB MANAGEMENT…
- **Advocates:** Palash S. S…; Harshal S…; +5 more

## Timeline

- **2016-05-25 — Co-operation Agreement…**: Advance India Projects Ltd. (Applicant) signed a Co-operation Agreement with JNB…
- **2022-11-02 — Discovery of Li…**: Applicant discovered that Bridgestreet Accommodations London Limited, a claimed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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