Mohan Clothing Company Private Limited (Applicant) filed an interlocutory application seeking a mandatory injunction against Future Lifestyle Fashions Limited (Corporate Debtor) to return 11,696 unsold products. The Applicant had been supplying readymade garments to the Corporate Debtor for about 20 years under a 'Sale or Return' agreement. Payments became irregular, and the Corporate Debtor failed to return the unsold products. The Applicant initially approached the Bombay High Court but, due to the admission of a Company Petition filed by Bank of India against the Corporate Debtor, the Applicant approached the NCLT.
Mohan Clothing Company Private Limited (the Applicant) supplied readymade garments to Future Lifestyle Fashions Limited (the Corporate Debtor) under a 'Sale or Return' agreement for approximately 20 years. The Corporate Debtor operated retail stores under the labels 'Central' and 'Brand Factory'. Over time, payments from the Corporate Debtor became irregular, and the Corporate Debtor defaulted on its payment obligations. The Corporate Debtor failed to return 11,696 unsold products to the Applicant. The Corporate Debtor committed to providing a payment plan and inventory pick-up dates but failed to do so. The Applicant issued claim notices and demand notices to the Corporate Debtor. The Applicant filed a Commercial Suit in the Bombay High Court seeking a mandatory
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Mohan Clothing Company Private Limited…
The Corporate Debtor…
Mohan Clothing Company Private Limited (Applicant) filed an interlocutory application seeking a mandatory injunction against Future Lifestyle Fashions Limited (Corporate Debtor) to return 11,696 unsold products. The Applicant had been supplying readymade garments to the Corporate Debtor for about 20 years under a 'Sale or Return' agreement. Payments became irregular, and the Corporate Debtor failed to return the unsold products. The Applicant initially approached the Bombay High Court but, due to the admission of a Company Petition filed by Bank of India against the Corporate Debtor, the Applicant approached the NCLT.
Mohan Clothing Company Private Limited (the Applicant) supplied readymade garments to Future Lifestyle Fashions Limited (the Corporate Debtor) under a 'Sale or Return' agreement for approximately 20 years. The Corporate Debtor operated retail stores under the labels 'Central' and 'Brand Factory'. Over time, payments from the Corporate Debtor became irregular, and the Corporate Debtor defaulted on its payment obligations. The Corporate Debtor failed to return 11,696 unsold products to the Applicant. The Corporate Debtor committed to providing a payment plan and inventory pick-up dates but failed to do so. The Applicant issued claim notices and demand notices to the Corporate Debtor. The Applicant filed a Commercial Suit in the Bombay High Court seeking a mandatory
…Mohan Clothing Company Private Limited…
The Corporate Debtor…