# Shenzhen Leaser Power Technology Company Ltd vs. PUR Energy Pvt Ltd

> NCLT judgment dated 2026-07-16. Citation: TCN-2026-NCLT-00739. M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed a Section 9…

- **Court:** NCLT
- **Order date:** 16 Jul 2026
- **Citation:** TCN-2026-NCLT-00739
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/shenzhen-leaser-power-technology-company-ltd-vs-pur-energy-pvt-ltd-2vl7f

## Summary

### Background

M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed a Section 9 IBC application against M/s. PuR Energy Pvt. Ltd. (Corporate Debtor) for an unpaid operational debt of Rs. 13,97,14,025/- for supplied electrical goods. The Corporate Debtor contested the application, claiming a pre-existing dispute regarding the poor quality of goods supplied, deficient after-sales service, and alleged illegal blocking of its systems by the Operational Creditor or its associate, Shenzhen Styler Electric Co. Ltd. The Corporate Debtor provided evidence of e-mail correspondence raising quality concerns, a legal notice seeking compensation, and various legal actions initiated against the Operational Creditor or its associate prior to the demand notice.

## Facts

M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) filed an application under Section 9 of the IBC against M/s. PuR Energy Pvt. Ltd. (Corporate Debtor).

The application seeks initiation of CIRP due to the Corporate Debtor's failure to pay an operational debt amounting to Rs. 13,97,14,025/-.

The Operational Creditor is a high-tech, green-energy enterprise engaged in the research and development (R&D), manufacturing, and sales of lithium-ion battery modules.

The Corporate Debtor approached the Operational Creditor for the supply of electrical goods and placed Purchase Order No. INPO/21-22/0684.

The Operational Creditor supplied electrical goods and raised invoices totaling $1,279,411.45.

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## Issues and analysis

### Issue 1: Whether there existed a pre-existing dispute between the parties before the issuance of the Demand …

**Ratio:** Where a plausible dispute exists which is not spurious, hypothetical or illusory, the

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**Reasoning:** The NCLT perused e-mail correspondence from 16.08.2022 to 12.08.2023, showing the

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**Interpretation:** The existence of contemporaneous correspondence and a legal notice raising

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**Application:** Given the evidence of disputes regarding product quality, warranty, and

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## Parties

- **Judges:** SHRI. RAJEEV…; SHRI. SANJAY…
- **Appellants:** M/s. Shenzhen…
- **Respondents:** M/s. PuR Energy…
- **Advocates:** V. Vijay…; K. Sai Prasanth…

## Timeline

- **2018 — Operational Creditor…**: M/s. Shenzhen Leader Power Technology Company Limited (Operational Creditor) was…
- **2018-11-08 — Commencement of…**: The Operational Creditor and 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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