M/s Roop Polymers Limited (the applicant) sought to have its claim of Rs. 33,04,823.40 admitted by the Resolution Professional (RP) in the CIRP of M/s NTL Electronics India Limited (the Corporate Debtor). The claim comprised mould costs and interest. The applicant had previously filed a Section 9 application, which was rendered infructuous due to the initiation of CIRP against the Corporate Debtor. The applicant submitted its claim to the RP, who admitted Rs. 75,62,720 but disallowed the remaining amount. The applicant argued that it had supplied goods and moulds to the Corporate Debtor under a supply agreement and a mould agreement. The Corporate Debtor had allegedly not paid the full cost of the moulds, and the applicant claimed interest at 24% as per the invoices.

M/s Roop Polymers Limited (the applicant) sought to have its claim of Rs. 33,04,823.40 admitted by the Resolution Professional (RP) in the CIRP of M/s NTL Electronics India Limited (the Corporate Debtor). The claim comprised mould costs and interest. The applicant had previously filed a Section 9 application, which was rendered infructuous due to the initiation of CIRP against the Corporate Debtor. The applicant submitted its claim to the RP, who admitted Rs. 75,62,720 but disallowed the remaining amount. The applicant argued that it had supplied goods and moulds to the Corporate Debtor under a supply agreement and a mould agreement. The Corporate Debtor had allegedly not paid the full cost of the moulds, and the applicant claimed interest at 24% as per the invoices.