# In the matter of C K SOFTWARE PRIVATE LIMITED

> NCLT judgment dated 2025-11-20. Citation: TCN-2025-NCLT-01696. Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 20 Nov 2025
- **Citation:** TCN-2025-NCLT-01696
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/c-k-software-private-limited-70cc77d9

## Summary

### Background

Central Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/S. C.K. Software Private Limited, the Corporate Debtor, based on a corporate guarantee.

## Facts

Central Bank of India, a financial institution, filed a petition under Section 7 of the IBC against M/S. C.K. Software Private Limited.

The application was filed on 13.05.2024 based on the Corporate Debtor's default in payment of Rs. 189,18,63,774/- principal amount and total default of Rs. 379,16,21,684/-.

M/S. C.K. Software Private Limited is a Corporate Guarantor for loan facilities extended to the Principal Borrower, M/s. Hanung Toys & Textile Limited.

The account of the Principal Borrower was classified as NPA on 19.08.2013.

A SARFAESI notice under Section 13(2) was issued on 17.10.2015 against the Principal Borrower and Corporate Guarantors.

The Corporate Guarantee was invoked by the Financial Creditor on 17.10.2015.

…

## Issues and analysis

### Issue 1: Whether the petition filed by the Financial …

**Ratio:** The admission of a claim by the Resolution Professional in the CIRP of the Principal

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**Reasoning:** The Hon'ble NCLAT held that the admission of a claim by the Resolution Professional

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**Interpretation:** The acknowledgment of debt by the Resolution Professional extends the

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**Application:** Since the Resolution Professional admitted the claim of the Financial Creditor

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## Parties

- **Judges:** JYOTSNA S…; Anu Jagmoha…
- **Appellants:** Central Bank of…
- **Respondents:** M/S. C.K.…
- **Other parties:** Vimal K…
- **Advocates:** B.K. Mi…; Ambuj M…; +1 more

## Timeline

- **2024-05-13 — Application…**: The present application was filed…
- **2025-04-07 — Ex Parte…**: The matter was proceeded ex parte against the Corporate Debtor vide order dated…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 19 — Personnel to extend co-operation to interim…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-19)

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