# Zenith Media Scope Private Limited vs. Nirvikar Films LLP

> NCLT judgment dated 2026-06-12. Citation: TCN-2026-NCLT-00564. Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of…

- **Court:** NCLT
- **Order date:** 12 Jun 2026
- **Citation:** TCN-2026-NCLT-00564
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/zenith-media-scope-private-limited-vs-nirvikar-films-llp-kvhuo

## Summary

### Background

Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nirvikar Films LLP (Corporate Debtor) for an alleged default of Rs. 1,49,14,432/-. The Corporate Debtor disputed the maintainability of the petition, contending that the admitted principal debt of Rs. 89,56,353/- was below the statutory threshold of INR 1 crore, and the interest component of Rs. 59,58,079/- could not be included as it was unilaterally stipulated by the Operational Creditor and not mutually agreed upon.

## Facts

Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Nirvikar Films LLP (Corporate Debtor) on 14.04.2026.

The petition sought to initiate CIRP for an outstanding amount of Rs. 1,49,14,432/-.

Zenith Media Scope Private Limited is a private limited company providing technology-based digital advertising and media services.

Nirvikar Films LLP is a limited liability partnership engaged in the business of film production.

The Corporate Debtor engaged the Operational Creditor to supply advertisement and promotion services to a third-party brand pursuant to a purchase order dated 11.04.2022.

The purchase order stipulated that payments should be made within 30 days of raising the invoice.

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## Issues and analysis

### Issue 1: Whether the interest component claimed by the Operational Creditor can be taken into account while …

**Ratio:** Undisputed interest stipulated in commercial documents like invoices and credit notes

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**Reasoning:** The NCLT observed that while the initial Purchase Order did not explicitly provide for

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**Interpretation:** Section 5(21) of the IBC defines 'operational debt' broadly to include a 'claim

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**Application:** In this case, the Corporate Debtor's consistent failure to dispute the interest

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## Parties

- **Judges:** ANUPINDER SINGH…; RAVINDRA CHATURVED…
- **Appellants:** Zenith Media…
- **Respondents:** Nirvikar Fi…
- **Other parties:** Lovneet…
- **Advocates:** Utkarsh…; Kanishka…; +4 more

## Timeline

- **2022-04-11 — Purchase Orde…**: The Corporate Debtor engaged the Operational Creditor for advertisement and promotion…
- **2022-04-30 — First Invoice…**: The Operational Creditor raised…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(21) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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