# In the matter of RAKSHA SUPREME CAMOUFLAGE PRIVATE LIMITED

> NCLT judgment dated 2025-11-12. Citation: TCN-2025-NCLT-01640. Rado Rexine Co. Limited filed a petition under Section 9 of the IBC, 2016, seeking initiation…

- **Court:** NCLT
- **Order date:** 12 Nov 2025
- **Citation:** TCN-2025-NCLT-01640
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/raksha-supreme-camouflage-private-limited-ccfa4cf4

## Summary

### Background

Rado Rexine Co. Limited filed a petition under Section 9 of the IBC, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Raksha Supreme Camouflage Private Limited, claiming an operational debt of Rs. 1,15,61,184/- based on a lease agreement.

## Facts

Rado Rexine Co. Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016 against Raksha Supreme Camouflage Private Limited (Corporate Debtor).

The Operational Creditor claimed an operational debt of Rs. 1,15,61,184/- based on a lease agreement.

The Corporate Debtor argued that the lease deeds were unregistered and therefore inadmissible as evidence.

The Operational Creditor contended that the Corporate Debtor acknowledged the debt through various confirmations and part payments.

The Adjudicating Authority found that the debt exceeded the threshold limit of Rs. 1 crore and that there was a default in repayment.

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## Issues and analysis

### Issue 1: Whether the unregistered lease deeds are admissible …

**Ratio:** Unregistered documents can be used as

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**Reasoning:** The court relied on the principle that unregistered documents can be read for collateral

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**Interpretation:** The court interpreted that proving the existence of a debt arising out of

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**Application:** The court applied this principle to the case, holding that the lease agreements

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## Parties

- **Judges:** JYOTSNA S…; Anu Jagmoha…
- **Appellants:** Rado Rexine Co.…
- **Respondents:** Raksha Supreme…
- **Other parties:** Navdeep…
- **Advocates:** Dhruv Dev…; Ankit S…

## Timeline

- **2012-12-06 — Deed of Rent A…**: Applicant/Operational Creditor entered into a Deed of Rent Agreement with the Corporate…
- **2018-04-13 — Deed of Rent Agreement…**: The Deed of Rent…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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