# In the matter of PRODO TECHNOLOGIES PRIVATE LIMITED

> NCLT judgment dated 2025-06-30. Citation: TCN-2025-NCLT-00757. M/s. Woven and Knit, the Operational Creditor, filed an application under Section 9 of the…

- **Court:** NCLT
- **Order date:** 30 Jun 2025
- **Citation:** TCN-2025-NCLT-00757
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/prodo-technologies-private-limited-34090863

## Summary

### Background

M/s. Woven and Knit, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Prodo Technologies Private Limited, the Corporate Debtor, due to outstanding dues.

## Facts

The Applicant, Woven and Knit, claimed an outstanding debt of ₹1,74,21,694/- from the Respondent, Prodo Technologies Private Limited.

The Applicant and Respondent had a business relationship since July 2023, with the Applicant supplying goods to the Respondent.

The Applicant raised tax invoices for goods supplied amounting to ₹2,28,44,148/-, against which the Respondent made part-payments of ₹80,80,000/-.

The Applicant sent emails to the Corporate Debtor on 23.07.2024, 04.09.2024, and 22.09.2024, demanding payment of outstanding dues.

The Applicant issued a demand notice dated 30.09.2024 to the Corporate Debtor under Section 8(1) of the IBC.

The Respondent claimed a bona fide dispute regarding the quality of goods and reconciliation of accounts.

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## Issues and analysis

### Issue 1: Whether there exists a pre-existing dispute as …

**Ratio:** The Corporate Debtor must demonstrate the existence of a plausible and bona fide dispute

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**Reasoning:** The Adjudicating Authority found that the Corporate Debtor's claim of a pre-existing

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**Interpretation:** The burden is on the Corporate Debtor to prove the existence of a genuine

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**Application:** The Corporate Debtor failed to discharge this burden, and therefore, the

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## Parties

- **Judges:** BACHU VENKAT…; Sanjeev R…
- **Appellants:** Woven and…; Lalit Agg…
- **Respondents:** Prodo Technologies…

## Timeline

- **2023-07-01 — Commencement of…**: The Applicant and Respondent…
- **2024-07-23 — Email Commun…**: The Applicant sent an email to the Corporate…

## 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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