# In the matter of Jagson International Ltd. CP No. IB-525-(ND)-2018

> NCLT judgment dated 2018-09-11. Citation: TCN-2018-NCLT-00786. JPC Enterprises filed an application under Section 9 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 11 Sept 2018
- **Citation:** TCN-2018-NCLT-00786
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/jagson-international-ltd-cp-no-ib-525-nd-2018-6ed61e77

## Summary

### Background

JPC Enterprises filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Jagson International Ltd. for defaulting on a payment of Rs. 11,60,612, which includes interest at 18% for services rendered. JPC Enterprises claimed that Jagson International Ltd. engaged them to supply service engineers for cutting dryer installation. A quotation was requested on 2015-12-15 and submitted via email. Jagson International Ltd. accepted the quotation on 2015-02-20 and requested JPC Enterprises to send a team to initiate work. JPC Enterprises completed the work and sent an invoice for Rs. 7,20,000 on 2015-04-28. Despite accepting liability and repeated requests, Jagson International Ltd.

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## Facts

JPC Enterprises claimed that Jagson International Ltd. engaged them to supply service engineers for cutting dryer installation at Jagson Rig DS Fortune. Jagson International Ltd. requested a quotation on 2015-12-15, which JPC Enterprises submitted via email. Jagson International Ltd. accepted the quotation on 2015-02-20 and requested JPC Enterprises to send a team to initiate work. JPC Enterprises completed the work and sent an invoice for Rs. 7,20,000 on 2015-04-28. JPC Enterprises alleged that Jagson International Ltd. booked an invoice of Rs. 7,20,000 for TDS and deposited Rs. 12,816. JPC Enterprises sent a demand notice under Section 8 of the Code on 2018-03-22, which Jagson International Ltd. received on 2018-03-24. Jagson International Ltd. requested a work

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## Issues and analysis

### Issue 1: Whether the Applicant provided the …

**Ratio:** The principle is that if the operational creditor has provided services to the corporate

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**Reasoning:** The Tribunal reasoned that the Applicant provided evidence of giving the quotation,

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**Interpretation:** This issue involves interpreting whether the evidence presented by the

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**Application:** The Tribunal applied this principle to the facts by examining the evidence

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## Parties

- **Judges:** R. VARADH…; V.K. SUB…
- **Appellants:** JPC Enter…
- **Respondents:** JAGSON INTERNATION…
- **Advocates:** Avdesh B…; Niti…; +1 more

## Timeline

- **2015-12-15 — Quotation R…**: Respondent requested quotation…
- **2015-02-20 — Quotation Acc…**: Respondent accepted 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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