# Smartpaddle Technology Private Limited vs. Sunshine Fastech Limited

> NCLT judgment dated 2026-08-11. Citation: TCN-2026-NCLT-00813. M/s Smartpaddle Technology Private Limited (Operational Creditor) filed a petition under…

- **Court:** NCLT
- **Order date:** 11 Aug 2026
- **Citation:** TCN-2026-NCLT-00813
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/smartpaddle-technology-private-limited-vs-sunshine-fastech-limited-4b86b

## Summary

### Background

M/s Smartpaddle Technology Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Sunshine Fastech Limited (Corporate Debtor). The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to a default on an operational debt amounting to Rs. 5,92,34,464.02. This debt arose from the supply of SS Wire Rods/Coil under a bill-to-ship-to model, where the Corporate Debtor failed to pay 11 invoices despite receiving the goods and did not dispute the demand notice issued by the Operational Creditor.

## Facts

M/s Smartpaddle Technology Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against M/s Sunshine Fastech Limited (Corporate Debtor).

The Operational Creditor is engaged in B2B packaging and supply solutions under a bill-to-ship-to-model, while the Corporate Debtor is a private limited company engaged in manufacturing and trading.

The Operational Creditor proposed Mr. Dharit Kishorbhai Shah as the Insolvency Professional.

The total outstanding debt is Rs. 5,92,34,464/-, comprising a principal amount of Rs. 5,32,08,375.23/- and interest of Rs. 60,26,088.79/- accrued as of 13.06.2025.

Invoices were payable within 90 days from their date, and the default occurred after this 90-day period.

…

## Issues and analysis

### Issue 1: Whether M/s Sunshine Fastech Limited (Corporate Debtor) has defaulted on an operational debt owed …

**Ratio:** An operational debt and default were established through invoices, purchase orders, goods

…

**Reasoning:** The Operational Creditor supplied goods (SS Wire Rods/Coil) under a 'bill-to-ship-to'

…

**Interpretation:** The non-payment of dues for goods supplied, coupled with the absence of a

…

**Application:** The facts presented by the Operational Creditor, supported by documentary

…

## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Smartpaddle…; M/s Smartpaddle…
- **Respondents:** M/s Sunshine…; Sunshine Fastech…
- **Other parties:** Dharit Kishorbhai…; Kinjalkumar…
- **Advocates:** Bhash H.…; Shashvat Ag…; +2 more

## Timeline

- **2022-03-17 — Terms of Use A…**: Terms of use agreement entered between…
- **2023 — Purchase Order…**: Corporate Debtor approached Petitioner for SS Wire Rods/Coil, leading to purchase orders…

## 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)

---

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/smartpaddle-technology-private-limited-vs-sunshine-fastech-limited-4b86b