# In the matter of Hi-Esteem Auto Komponents Private Limited

> NCLT judgment dated 2025-10-30. Citation: TCN-2025-NCLT-01628. Tata Steel Ltd filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016,…

- **Court:** NCLT
- **Order date:** 30 Oct 2025
- **Citation:** TCN-2025-NCLT-01628
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/hi-esteem-auto-komponents-private-limited-5eea113d

## Summary

### Background

Tata Steel Ltd filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Hi-Esteem Auto Komponents Private Limited for initiating Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt.

## Facts

Tata Steel Ltd. filed a petition under Section 9 of the IBC against Hi-Esteem Auto Komponents Private Limited.

The operational debt claimed is Rs. 2,01,64,219.73 with the date of default being 21.02.2024.

Two purchase orders were placed on 20.07.2023 and 14.12.2023, with a 45-day payment term for the first order.

Hi-Esteem claimed quality issues with the supplied steel, starting in 2022 and continuing into 2023.

Tata Steel sent multiple payment reminders between 17.05.2023 and 19.04.2024.

Hi-Esteem acknowledged the debt in Minutes of Meeting (MoM) dated 27.06.2023 and 21.02.2024, and in an email dated 09.05.2024.

Hi-Esteem filed a criminal complaint on 25.11.2024 regarding the theft of goods affected by quality issues.

Tata Steel filed GST statements for the goods supplied.

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## Issues and analysis

### Issue 1: Whether there is a …

**Ratio:** The Hon'ble Supreme Court in Mobilox Innovations (P) Ltd. v. Kirusa Software (P) Ltd.

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**Reasoning:** The NCLT found that the alleged disputes raised by the Corporate Debtor were feeble and

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**Interpretation:** A dispute must be real and substantial, not spurious, hypothetical, or

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**Application:** The NCLT concluded that the Corporate Debtor failed to prove the existence of a

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## Parties

- **Judges:** SANJIV…; Venkataraman…
- **Appellants:** TATA STEE…; Tata Steel…
- **Respondents:** Hi-Esteem Auto…
- **Other parties:** Ananthachari…
- **Advocates:** Thriyambak…; G. Vairava…

## Timeline

- **2023-07-20 — Purchase…**: Purchase Order bearing…
- **2023-12-14 — Purchase…**: Purchase Order bearing…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14(1) — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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