# In the matter of Vinyl Pipes Private Limited

> Read the full IBC case summary for In the matter of Vinyl Pipes Private Limited. NCLT judgment dated 2025-08-01. Citation: TCN-2025-NCLT-01270.

- **Court:** NCLT
- **Order date:** 1 Aug 2025
- **Citation:** TCN-2025-NCLT-01270
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/vinyl-pipes-private-limited-8f5e3f73

## Summary

### Background

Global Water Solutions Limited, an operational creditor, filed an application under Section 9 of the IBC, 2016, to initiate CIRP against Vinyl Pipes Private Limited, the corporate debtor, due to an alleged default of $136,713.43 plus 18% interest. The corporate debtor failed to deliver goods for which advance payments were made and did not refund the outstanding amount. The application also impleaded the directors and ex-directors of the corporate debtor, which became a point of contention regarding maintainability.

## Facts

Global Water Solutions Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Vinyl Pipes Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to an alleged default of $136,713.43, along with 18% interest. The date of default was recorded as April 11, 2022. The operational creditor, a US-incorporated company, and the corporate debtor, an Indian company, had a long-standing business relationship involving the transaction of water treatment products.

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## Issues and analysis

### Issue 1: Whether the application under Section 9 of the…

**Ratio:** An application under Section 9 of the IBC, 2016, must be supported by a valid…

**Reasoning:** The Board Resolution dated October 27, 2023, only authorized Mr. Shariq Anwar to submit a…

**Interpretation:** The court interpreted the scope of the Board Resolution strictly, holding that…

**Application:** Since the Board Resolution for Global Water Solutions Ltd. only authorized the…

## Parties

- **Judges:** BACHU VENKAT…; Shri…; +1 more
- **Advocates:** For the Applicant:…; Chandan…; +6 more

## Timeline

- **April 11, 2022 — Date of D…**: The date of default in the matter…
- **September 16, 2022 — Email Rem…**: Operational Creditor sent an email reminder to the Corporate Debtor regarding outstanding…

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