The appeal challenges an order dated 11.09.2025 passed by the National Company Law Tribunal (NCLT), Indore, which admitted a Section 9 application under the Insolvency and Bankruptcy Code (IBC). The appellant, an erstwhile director of the Corporate Debtor, argued that there was no actual supply of goods for 8 invoices due to an incorrect address on e-way bills, thus negating the existence of debt and default. The Operational Creditor (Respondent No. 1) had supplied mustard seeds to the Corporate Debtor, raising 8 invoices between 05.08.2021 and 31.08.2021, with an alleged default amount of Rs. 1,42,46,178/- plus interest.
The NCLT, Indore, admitted a Section 9 application (CP IB No. 86/2023) on 11.09.2025.
The appeal challenges the NCLT order dated 11.09.2025.
The Appellant argued that no supply of goods was made under 8 invoices and e-way bills carried an incorrect address.
Respondent No. 1 (Mohini Food Product) supplied mustard seeds to the Corporate Debtor.
8 invoices were raised by Respondent No. 1 between 05.08.2021 and 31.08.2021.
The invoices carried the Corporate Debtor's registered address but an incorrect PIN Code, which the Appellant admitted.
The alleged default amount was Rs. 01,42,46,178/- plus 12% P.A. interest of Rs. 28,58,480/-, totaling Rs. 1,71,05,658/-.
The date of default was determined to be 20.08.2021.
A Section 8 notice was issued on 10.05.2023.
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The appeal challenges an order dated 11.09.2025 passed by the National Company Law Tribunal (NCLT), Indore, which admitted a Section 9 application under the Insolvency and Bankruptcy Code (IBC). The appellant, an erstwhile director of the Corporate Debtor, argued that there was no actual supply of goods for 8 invoices due to an incorrect address on e-way bills, thus negating the existence of debt and default. The Operational Creditor (Respondent No. 1) had supplied mustard seeds to the Corporate Debtor, raising 8 invoices between 05.08.2021 and 31.08.2021, with an alleged default amount of Rs. 1,42,46,178/- plus interest.
The NCLT, Indore, admitted a Section 9 application (CP IB No. 86/2023) on 11.09.2025.
The appeal challenges the NCLT order dated 11.09.2025.
The Appellant argued that no supply of goods was made under 8 invoices and e-way bills carried an incorrect address.
Respondent No. 1 (Mohini Food Product) supplied mustard seeds to the Corporate Debtor.
8 invoices were raised by Respondent No. 1 between 05.08.2021 and 31.08.2021.
The invoices carried the Corporate Debtor's registered address but an incorrect PIN Code, which the Appellant admitted.
The alleged default amount was Rs. 01,42,46,178/- plus 12% P.A. interest of Rs. 28,58,480/-, totaling Rs. 1,71,05,658/-.
The date of default was determined to be 20.08.2021.
A Section 8 notice was issued on 10.05.2023.
…Beginning of the period during which 8…
Determined as the date…