SL. No.7

COURT HALL NO: II

Hearing Through: VC and Physical (Hybrid) Mode

CORAM: SHRI. RAJEEV BHARDWAJ – HON’BLE MEMBER (J)

CORAM: SHRI. SANJAY PURI - HON’BLE MEMBER (T)

ATTENDANCE-CUM-ORDER SHEET OF THE HEARING OF NATIONAL COMPANY LAW TRIBUNAL,

HYDERABAD BENCH, HELD ON 05.08.2025 at 10:30 AM

TRANSFER PETITION NO.

COMPANY PETITION/APPLICATION NO. IA (IBC)/612/2025 in CP (IB) No.158/7/HDB/2018

NAME OF THE COMPANY Ciscon Projects Pvt Ltd

NAME OF THE PETITIONER(S) Tata Capital Financial Services Ltd

NAME OF THE RESPONDENT(S) Ciscon Projects Pvt Ltd

UNDER SECTION 7 of IBC

ORDER

IA (IBC)/612/2025

Orders pronounced, recorded vide separate sheets. In the result, the

IA (IBC)/612/2025 is allowed.

Sd/- Sd/-

MEMBER (T) MEMBER (J)

Vamsi

C.P (IB) No.158/7/HDB/2018 [Under Section 60(5) of Insolvency and Bankruptcy Code, 2016, r/w Rule 11 of National Company Law Tribunal Rules, 2016]

IN THE MATTER OF M/s. Ciscons Projects Private Ltd.

BETWEEN:

M/s. Rocksolid Infra Private Limited (Formerly Ciscons Projects Private Limited), R/o. Flat No. 604, Tirumala Shah Residency, Yellareddyguda Ameerpet, Hyderabad- 500016, Rep. by its Director Mr. P. Praveen ………Applicant Versus

1. Commercial Tax Department Assistant Commissioner (State Tax), Srinagar Colony-I Circle, Punjagutta Division, Hyderabad, office at 5^th floor, Mayur Kushal Complex, Abids, Hyderabad.

………Respondent No. 1 2. Ms. Sandhya Tadla Erstwhile Resolution Professional of Ciscons Projects Private Limited, Plot No. 18, Chandragiri Colony, Secunderabad, Telanagana- 500016.

………Respondent No. 2 Date of Order: 05.08.2025 Coram:

Hon’ble Shri Rajeev Bhardwaj, Member (Judicial)

Hon’ble Shri Sanjay Puri, Member (Technical)

Counsels Present For Applicant : VVSN Raju, Advocate.

C.P (IB) No. 158/7/HDB/2018 Date of Order: 05.08.2025 [PER: Bench]

ORDER

1. This Application is filed by Rocksolid Infra Private Limited (Formerly Ciscons Projects Private Limited, hereinafter referred to as Corporate Debtor/CD) against the Commercial Tax Department, the Respondent No. 1 herein, seeking the following relief:

a. To declare the Arrear notices vide No. JA-

1/GST/Arrears/36AADCC5050C1Z6/2024 dated 05.10.2024 and 09.12.2024, respectively issued by Respondent No. 1 as illegal, arbitrary & non-est and consequently set-aside or quash the said notices. Further, restrain the Respondent No. 1 from taking any further coercive action against the Applicant Company in relation to the alleged past dues for FY 2018-2019 and FY 2019-20 until disposal of the instant Application.

2. Application (i) TATA Capital Financial Services Limited had filed CP (IB) No.

158/7/HDB/2018, under Section 7 of Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the CD/Applicant Company (Formerly Ciscons Projects Private Limited).

(ii) CD was admitted to CIRP by this Authority vide order dated

31.01.2019. Subsequently, Mr. Sashikanth Vallipalli (Successful Resolution Applicant/SRA) submitted a Resolution Plan which was duly approved by the Committee of Creditors (CoC) and thereafter sanctioned by this Authority vide order dated 12.12.2019 in I.A. No. 763 of 2019.

(iii) T he Resolution Professional (Respondent No. 2 herein) duly informed Respondent No. 1 regarding the approval of the Resolution Plan by way of a notice dated 05.03.2020, which was acknowledged on 06.05.2020.

(iv) The proceeds under the approved Resolution Plan were distributed by the SRA among the stakeholders, including Respondent No. 1. Consequently, all liabilities of the Applicant Company stood extinguished.

C.P (IB) No. 158/7/HDB/2018 Date of Order: 05.08.2025 (v) Post-implementation of the Resolution Plan, the name of the CD was changed from Ciscons Projects Private Limited to Rocksolid Infra Private Limited, and the SRA resumed business operations under the new entity.

(vi) Despite the extinguishment of liabilities, the Applicant Company received notices dated 05.10.2024 and 09.12.2024 from Respondent No. 1, illegally demanding payment of alleged arrears r