# In the matter of Spectacular Media Marketing Pvt. Ltd. IB-868-(ND)-2019

> NCLT judgment dated 2019-11-25. Citation: TCN-2019-NCLT-00461. This case involves an application filed by Ashwini Infocom Pvt. Ltd. under Section 9 of the…

- **Court:** NCLT
- **Order date:** 25 Nov 2019
- **Citation:** TCN-2019-NCLT-00461
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/spectacular-media-marketing-pvt-ltd-ib-868-nd-2019-59dd5672

## Summary

### Background

This case involves an application filed by Ashwini Infocom Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Spectacular Media Marketing Pvt. Ltd. The application stems from an alleged default by Spectacular Media Marketing in settling an amount of Rs. 1,07,32,455/- for the supply of mobile phones. Ashwini Infocom, engaged in trading mobile phones, received purchase orders from Spectacular Media Marketing, acting on behalf of TV18 Home Shopping Network Ltd., for 27,000 'Titan T40' mobile phones. A total of 16,300 phones were delivered against six bills. Spectacular Media Marketing made a partial payment of Rs. 1,10,00,000/-, leaving Rs. 1,50,30,374/- unpaid. Despite reminders,

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## Facts

Ashwini Infocom Pvt. Ltd. (Applicant) is a company engaged in the trading of mobile phones. Spectacular Media Marketing Pvt. Ltd. (Respondent) is involved in advertisement-related activities. In September-October 2017, the Respondent placed orders for 27,000 'Titan T40' mobile phones with the Applicant on behalf of M/s TV18 Home Shopping Network Ltd. The agreed price was Rs. 1,600 per unit (including GST), totaling Rs. 4,31,99,957. A total of 16,300 mobile phones were delivered against six bills raised by the Applicant (AIPL Bill Nos. 001-006). The bills were dated 26.09.2017, 26.09.2017, 29.09.2017, 29.09.2017, 05.10.2017 & 15.10.2017, amounting to Rs. 31,99,997, Rs. 39,99,996, Rs. 39,99,996, Rs. 4,80,000, Rs. 47,99,995 and Rs. 95,99,990 respectively, totaling Rs.

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## Issues and analysis

### Issue 1: Whether the Applicant, Ashwini Infocom Pvt. Ltd., has established the existence of a debt and …

**Ratio:** Section 9 of the Insolvency and Bankruptcy Code, 2016 allows an operational creditor to

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**Reasoning:** The Tribunal considered the arguments made by the counsel for the Applicant and perused

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**Interpretation:** Section 9 of the IBC requires the operational creditor to demonstrate that a

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**Application:** In this case, the Applicant provided evidence of invoices for the supply of

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## Parties

- **Judges:** ABNI RANJAN KUMAR…; V.K. SUB…
- **Appellants:** M/s Ashwini…
- **Respondents:** M/s Spectacular…

## Timeline

- **2017-09-01 — Purchase…**: Respondent placed an order for 27,000 'Titan…
- **2017-09-01 — Delivery of Mobile…**: Applicant delivered 16,300 mobile phones…

## 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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