# In the matter of STATUS SERAMIK INDIA PRIVATE LIMITED

> NCLT judgment dated 2026-02-25. Citation: TCN-2026-NCLT-00180. Resipol Adhesives Pvt. Ltd, an operational creditor, filed a petition under Section 9 of the…

- **Court:** NCLT
- **Order date:** 25 Feb 2026
- **Citation:** TCN-2026-NCLT-00180
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/status-seramik-india-private-limited-032d9fd3

## Summary

### Background

Resipol Adhesives Pvt. Ltd, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Status Seramik India Pvt. Ltd, the corporate debtor, for default in payment of operational debt amounting to Rs. 1,42,15,888/-.

## Facts

Resipol Adhesives Pvt. Ltd. filed a petition under Section 9 of the IBC against Status Seramik India Pvt. Ltd. for default in payment of Rs. 1,42,15,888/-.

The Operational Creditor and Corporate Debtor maintained open and mutual accounts.

The Corporate Debtor placed orders for resin clear since October 2023 and made payments regularly until invoice number RAPL/1568/23-24 dated 29.02.2024.

The Applicant issued a Legal Demand Notice dated 06.11.2024 for outstanding dues of Rs.1,02,01,513/-, which was replied to by the Corporate Debtor on 13.11.2024 alleging defective quality of material.

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## Issues and analysis

### Issue 1: Whether operational debt within …

**Ratio:** The Adjudicating Authority relied on the Purchase Orders, invoices, Ledger Statements,

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**Reasoning:** The Operational Creditor has produced Purchase Orders annexed as Annexure-F, invoices

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**Interpretation:** The Adjudicating Authority interpreted Section 5(21) to include debts arising

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**Application:** The Adjudicating Authority applied the provisions of Section 5(21) to the facts

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## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Resipol Adhesives…; Resipol Adhesives…
- **Respondents:** Status Seramik…; Status Seramik…
- **Other parties:** Manan P…; Neelam…
- **Advocates:** Deven P…; Raju Ko…; +2 more

## Timeline

- **03.12.2025 — Filing of Company…**: The Company Petition was filed on 03.12.2025 vide inward no. E-3108 by the Applicant…
- **20.04.2025 — Date of D…**: The date of default is…

## 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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