# In the matter of Flowtech Equipments (India) Pvt. Ltd. M.A. 2851-2019 in C.P.(IB)-4708(MB)-2018

> NCLT judgment dated 2019-10-10. Citation: TCN-2019-NCLT-01062. The document pertains to M.A. 2851/2019 in C.P.(IB)-4708(MB)/2018 before the Mumbai Bench of…

- **Court:** NCLT
- **Order date:** 10 Oct 2019
- **Citation:** TCN-2019-NCLT-01062
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/flowtech-equipments-india-pvt-ltd-ma-2851-2019-in-cpib-4708mb-2018-5c57749f

## Summary

### Background

The document pertains to M.A. 2851/2019 in C.P.(IB)-4708(MB)/2018 before the Mumbai Bench of the National Company Law Tribunal. The matter involves Anantrai Manilal Sheth v/s. Flowtech Equipments India Pvt Ltd. The application is filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.

## Facts

Anantrai Manilal Sheth filed a case against Flowtech Equipments India Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. The erstwhile directors of Flowtech Equipments India Pvt Ltd raised a contention that their claim was not considered. However, the Resolution Professional (RP) stated that the erstwhile directors did not provide any documents or proof to support their claim. The court rejected the contention of the erstwhile directors and allowed M.A. 2851.

## Issues and analysis

### Issue 1: Whether the contention raised by the erstwhile directors regarding the non-consideration of their …

**Ratio:** A party's claim can be rejected if they fail to provide sufficient evidence or

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**Reasoning:** The court rejected the contention of the erstwhile directors because the Resolution

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**Interpretation:** This highlights the importance of providing adequate documentation to support

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**Application:** In this case, the erstwhile directors failed to provide the necessary documents

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## Parties

- **Judges:** Bhaskara Pantula…; Shyam Babu…
- **Appellants:** Anantrai Manilal…
- **Respondents:** Flowtech Equipment…

## Timeline

- **2019-10-10 — Hearing…**: Hearing of Mumbai Bench of the…

## 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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