# In the matter of Enectric Projects and Solution India Private LImited CP-1327-IB-2018

> NCLT judgment dated 2020-01-29. Citation: TCN-2020-NCLT-02137. The case involves a petition filed by Anchor Electricals Pvt Ltd (Operational Creditor) against…

- **Court:** NCLT
- **Order date:** 29 Jan 2020
- **Citation:** TCN-2020-NCLT-02137
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/enectric-projects-and-solution-india-private-limited-cp-1327-ib-2018-11ef99ef

## Summary

### Background

The case involves a petition filed by Anchor Electricals Pvt Ltd (Operational Creditor) against Enectric Projects & Solutions India Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for an operational debt of Rs. 47,80,294.75. The debt arose from transactions where the Operational Creditor supplied goods based on purchase orders placed by the Corporate Debtor. Despite repeated reminders, the Corporate Debtor failed to make payments, leading to the issuance of a demand notice under Section 8 of the IBC, 2016.

## Facts

Anchor Electricals Pvt Ltd (Operational Creditor) filed a petition against Enectric Projects & Solutions India Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming an operational debt of Rs. 47,80,294.75. The debt arose from the supply of goods based on purchase orders. The Operational Creditor supplied goods and raised invoices, but the Corporate Debtor failed to make payments despite repeated reminders. The Operational Creditor issued a demand notice dated 09.08.2018 under Section 8 of the IBC, 2016. The Corporate Debtor filed a counter affidavit disputing the quality and quantity of goods but also proposed a payment schedule admitting liability. The Corporate Debtor was incorporated on 12.12.2013. The Operational

…

## Issues and analysis

### Issue 1: Whether the petition filed by the Operational Creditor is to be admitted under Section 9(5) of the …

**Ratio:** Section 9(5) of the IBC, 2016, allows for the admission of a petition if the Adjudicating

…

**Reasoning:** The Tribunal considered the facts and circumstances, including the Corporate Debtor's

…

**Interpretation:** Section 9(5) is interpreted to mean that if a debt exists and a default has

…

**Application:** The Tribunal applied Section 9(5) to the facts, noting that the Corporate

…

## Parties

- **Judges:** R. VARADH…; Anil Ku…
- **Appellants:** ANCHOR ELECTRICALS…
- **Respondents:** ENECTRIC PROJECTS…
- **Advocates:** AR. Raman…; S. Ramp…

## Timeline

- **2018-02-16 — Purchase…**: Purchase Orders EPSIPL/17-18/POC 2022/SOLAR/PO/00115 and EPSIPL/17-18/POC…
- **2018-03-17 — Invoices…**: Invoices 7011700072939, 7011700072938, and…

## 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-chandigarh/enectric-projects-and-solution-india-private-limited-cp-1327-ib-2018-11ef99ef