# In the matter of Avyukta Dairy Products Ltd.

> NCLT judgment dated 2025-12-19. Citation: TCN-2025-NCLT-01879. Brilliant Metals Private Limited (Financial Creditor/Petitioner) filed an application under…

- **Court:** NCLT
- **Order date:** 19 Dec 2025
- **Citation:** TCN-2025-NCLT-01879
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/avyukta-dairy-products-ltd-815cc879

## Summary

### Background

Brilliant Metals Private Limited (Financial Creditor/Petitioner) filed an application under Section 7 of the IBC, 2016 against Avyukta Dairy Products Ltd. (Corporate Debtor/Respondent) for defaulting on a financial debt arising from an arbitral award.

## Facts

Brilliant Metals Private Limited, the Financial Creditor, filed an application under Section 7 of the IBC against Avyukta Dairy Products Ltd., the Corporate Debtor.

The application was based on a default in repayment of a financial debt arising from an arbitral award dated 02.07.2024.

The arbitral award amounted to Rs 2,58,57,160 as on 02.07.2024, with an interest rate of 8% per annum.

The Corporate Debtor is also the corporate guarantor for loans availed by M/s Avdhesh Construction and Impex Ltd.

The Financial Creditor issued a demand notice dated 15.09.2023, but neither the Corporate Debtor nor the other guarantors discharged their commitments.

The arbitral award attained finality on 02.11.2024, as no appeal was filed by the Corporate Debtor.

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## Issues and analysis

### Issue 1: Whether the debt arising out of the Arbitral Award dated 02.07.2024 is a crystallised financial …

**Ratio:** The arbitral award has attained finality upon expiry of the period prescribed under

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**Reasoning:** The award has attained finality upon expiry of the period prescribed under Section 34 of

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**Interpretation:** The Arbitral Award, having attained finality, constitutes a binding

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**Application:** The requirements for admission of a petition under Section 7 of the

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## Parties

- **Judges:** SH. ASHOK KUMAR…; Reena Sinh…
- **Appellants:** Brilliant Metals…; Brilliant Metals…
- **Respondents:** Avyukta Dairy…
- **Other parties:** Sanjay…
- **Advocates:** Shankari…; Mehak Khan…; +2 more

## Timeline

- **2024-07-02 — Arbitral Awa…**: Arbitral Award was…
- **2024-11-02 — Finality of Arbitral…**: Arbitral award attained…

## 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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