# In the matter of Sampoorn IAS Academy Pvt. Ltd.

> NCLT judgment dated 2025-08-12. Citation: TCN-2025-NCLT-01297. The Operational Creditor/Applicant, M/s C.S Construction Co. Pvt. Ltd., filed an application…

- **Court:** NCLT
- **Order date:** 12 Aug 2025
- **Citation:** TCN-2025-NCLT-01297
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/sampoorn-ias-academy-pvt-ltd-503e824c

## Summary

### Background

The Operational Creditor/Applicant, M/s C.S Construction Co. Pvt. Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Sampoorn IAS Academy Pvt. Ltd., for defaulting on payment of total amount of Rs. 3,25,02,092.88.

## Facts

M/s C.S Construction Co. Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Sampoorn IAS Academy Pvt. Ltd.

The Operational Creditor claimed a default of Rs. 3,25,02,092.88 by the Corporate Debtor.

The Corporate Debtor, Sampoorn IAS Academy Pvt. Ltd., was incorporated on 06.08.2020.

The debt arose from lease agreements between C.S. Construction Co. Pvt. Ltd. and Chanakya Academy for Education and Training Pvt. Ltd.

A Memorandum of Understanding (MoU) was executed on 26.02.2021 between Chanakya Academy, the Corporate Debtor, and the Operational Creditor regarding outstanding rental dues.

…

## Issues and analysis

### Issue 1: Whether the debt claimed by the Operational Creditor qualifies as an 'operational debt' under …

**Ratio:** The debt arising out of a settlement agreement does not fall under the definition of

…

**Reasoning:** The foundation of the claim is not arising out of any services but rather from a

…

**Interpretation:** Any subsequent transaction undertaken in furtherance of such Settlement

…

**Application:** The Applicant has failed to establish that the alleged unpaid dues fall within

…

## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** C.S Construction…
- **Respondents:** Sampoorn IAS…
- **Advocates:** Aditya S…; Manish Ka…; +2 more

## Timeline

- **2025-08-12 — Order Del…**: Order delivered on…
- **2021-02-26 — MoU Exec…**: Memorandum of Understanding (‘MoU’) was executed between Chanakya Academy, the Corporate…

## 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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