# In the matter of Manpasand Beverages Limited

> NCLT judgment dated 2026-01-12. Citation: TCN-2026-NCLT-00016. Tetra-Pak India Pvt LTD filed a petition under Section 9 of the IBC, 2016, seeking to initiate…

- **Court:** NCLT
- **Order date:** 12 Jan 2026
- **Citation:** TCN-2026-NCLT-00016
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/manpasand-beverages-limited-e34a04cd

## Summary

### Background

Tetra-Pak India Pvt LTD filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Manpasand Beverages Ltd, citing unpaid operational debt.

## Facts

Tetra-Pak India Pvt LTD (Operational Creditor) filed a petition under Section 9 of the IBC against Manpasand Beverages Ltd (Corporate Debtor).

The Operational Creditor claimed a total outstanding debt of Rs. 25,34,69,071/- as of 21.09.2019, including interest.

The debt arose from Standard Packaging Material Supply Agreement and Equipment Sale Agreements between the parties.

The Corporate Debtor argued that there were pre-existing disputes, defective demand notice, and that the claims were wrongly clubbed.

The Corporate Debtor also claimed to have made payments and raised a counter-claim.

The Operational Creditor contended that the Corporate Debtor admitted the debt in subsequent letters and made partial payments.

…

## Issues and analysis

### Issue 1: Whether the Operational Creditor's petition …

**Ratio:** The petition is maintainable as the Tribunal found that the operational debt existed, the

…

**Reasoning:** The Tribunal considered the agreements, invoices, demand notices, and correspondence

…

**Interpretation:** The Tribunal interpreted the provisions of Section 9 of the IBC and the

…

**Application:** The Tribunal applied the provisions of Section 9 of the IBC to the facts of the

…

## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Tetra-Pak India…; Tetra-Pak India…
- **Respondents:** Manpasand…
- **Other parties:** Darshan Bharatbhai…
- **Advocates:** Parth…; Ritwika…; +1 more

## Timeline

- **01.01.2012 — Agreement…**: Standard Packaging Material…
- **21.09.2019 — Debt Calcu…**: Outstanding debt…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-ahmedabad/manpasand-beverages-limited-e34a04cd