# In the matter of Mohanbir Hi-Tech Build Private Limited

> NCLT judgment dated 2025-08-08. Citation: TCN-2025-NCLT-01210. Authum Investment & Infrastructure Limited filed a petition under Section 7 of the Insolvency…

- **Court:** NCLT
- **Order date:** 8 Aug 2025
- **Citation:** TCN-2025-NCLT-01210
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/mohanbir-hi-tech-build-private-limited-5b0bfa11

## Summary

### Background

Authum Investment & Infrastructure Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Mohanbir Hi-Tech Build Private Limited, the Corporate Debtor, due to default in payment of financial debt.

## Facts

Authum Investment & Infrastructure Limited filed a petition under Section 7 of the IBC to initiate CIRP against Mohanbir Hi-Tech Build Private Limited.

The Corporate Debtor defaulted on a payment of Rs. 488,52,85,932/- which includes principal, interest, and penal interest.

Reliance Home Finance Limited (RHFL) originally advanced loans to the Corporate Debtor, which were later assigned to Reliance Commercial Finance Limited (RCFL) and subsequently demerged to Authum Investment & Infrastructure Limited.

The Corporate Debtor acknowledged the debt in its audited financial statements for the years ending 31.03.2022, 31.03.2023 and 31.03.2024.

…

## Issues and analysis

### Issue 1: Whether the Corporate Debtor defaulted …

**Ratio:** The Adjudicating Authority relied on the NeSL certificate and the Corporate Debtor's

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**Reasoning:** The NeSL certificate substantiated the default, and the acknowledgement of debt in the

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**Interpretation:** The existence of a NeSL certificate and acknowledgement of debt in audited

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**Application:** The Adjudicating Authority concluded that the Corporate Debtor had defaulted in

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## Parties

- **Judges:** JYOTSNA S…; Anu Jagmoha…
- **Appellants:** Authum Investment…
- **Respondents:** Mohanbir Hi-Tech…
- **Other parties:** Reliance Home…; Reliance Commercia…; +4 more
- **Advocates:** Sophia Hu…; Mily Gh…

## Timeline

- **2014-09-05 — Incorporation of…**: Mohanbir Hi-Tech Build…
- **2018-11-14 — Sanction L…**: RHFL advanced loans for working capital facility to the Corporate Debtor vide Sanction…

## 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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