# Kataria Plastics Pvt Ltd vs. Teerth Gopicon Limited

> NCLT judgment dated 2026-08-10. Citation: TCN-2026-NCLT-00815. Kataria Plastics Private Limited (Operational Creditor) filed an application under Section 9 of…

- **Court:** NCLT
- **Order date:** 10 Aug 2026
- **Citation:** TCN-2026-NCLT-00815
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/kataria-plastics-pvt-ltd-vs-teerth-gopicon-limited-hficl

## Summary

### Background

Kataria Plastics Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Teerth Gopicon Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The application stemmed from the Corporate Debtor's default in payment for HDPE pipes supplied by the Operational Creditor, amounting to Rs. 1,16,28,841/-.

## Facts

An application was filed on 27.10.2025 under Section 9 of the IBC, 2016, by Kataria Plastics Private Limited, through its Director Mr. Hemant Kataria.

The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Teerth Gopicon Limited, the Corporate Debtor.

Kataria Plastics Private Limited is registered under the Companies Act, 1956, and its Director, Mr. Hemant Kataria, was authorized by a Board Resolution dated 24.06.2025 to affirm the petition.

The Operational Creditor (Kataria Plastics) is engaged in the business of supplying HDPE Pipes.

The total amount in default is Rs. 1,16,28,841/-.

The date of default is 05.09.2024.

…

## Issues and analysis

### Issue 1: Whether the applicant is an Operational Creditor within the meaning of Section 5(20) of the …

**Ratio:** The Adjudicating Authority is satisfied that the Applicant is an Operational Creditor

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**Reasoning:** The Operational Creditor, Kataria Plastics Private Limited, is a company engaged in the

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**Interpretation:** Section 5(20) of the IBC defines an 'operational creditor' as a person to whom

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**Application:** Kataria Plastics Private Limited, as a supplier of goods (HDPE Pipes) to Teerth

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Kataria Plastics…; Kataria Plastics…
- **Respondents:** Teerth Gopicon…
- **Other parties:** Hemant Ka…; Ajit Gyanchand…
- **Advocates:** Arya Chha…; Mohit G…

## Timeline

- **10.10.2019 — Incorpor…**: Kataria Plastics Private…
- **20.06.2024 — Purchase Orde…**: Corporate Debtor confirmed purchase order Ref No.TGUPO/HDPE PIPE/ MPJNMCH12024-251 4-1898…

## 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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