# Amit Enterprises vs. Urvashi Material Trading Company Pvt. Ltd.

> NCLT judgment dated 2026-10-16. Citation: TCN-2026-NCLT-01215. Amit Enterprise, an Operational Creditor, filed a petition under Section 9 of the Insolvency…

- **Court:** NCLT
- **Order date:** 16 Oct 2026
- **Citation:** TCN-2026-NCLT-01215
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-jaipur/urvashi-material-trading-company-pvt-ltd-gvj6n

## Summary

### Background

Amit Enterprise, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Urvashi Material Trading Company Pvt. Ltd., the Corporate Debtor. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to an alleged default of Rs. 1,07,07,595/-. The default arose from the Corporate Debtor's failure to supply customized marble tiles as per a purchase order dated 01.07.2015, despite receiving an advance payment of the full amount. The Operational Creditor issued a demand notice, to which the Corporate Debtor replied, admitting the debt but citing financial inability to pay.

## Facts

Amit Enterprise (Petitioner/Operational Creditor) filed a petition under Section 9 of the IBC against Urvashi Material Trading Company Pvt. Ltd. (Respondent/Corporate Debtor).

The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) for an alleged default of Rs. 1,07,07,595/- as on 31.01.2025.

The Petitioner is engaged in the business of building material, marble tiles, and electrical items.

The Petitioner issued a Purchase Order dated 01.07.2015 to the Respondent for the supply of customized marble tiles, to be specifically manufactured and supplied before 31.12.2015.

The Petitioner made an advance payment of Rs. 1,07,07,595/- to the Respondent for the customized marble tiles.

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## Issues and analysis

### Issue 1: Whether the petition filed by Amit Enterprise under Section 9 of the IBC against Urvashi Material …

**Ratio:** A Section 9 petition is admissible if the existence of an operational debt, default, and

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**Reasoning:** The Adjudicating Authority meticulously perused the record and annexures, finding that

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**Interpretation:** The NCLT interpreted the conditions for admission of a Section 9 application as

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**Application:** Applying the Mobilox guidelines, the NCLT found that Amit Enterprise had

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## Parties

- **Judges:** Reeta K…; Kavita Bha…
- **Appellants:** Amit Enter…; Amit Ente…
- **Respondents:** Urvashi Material…
- **Other parties:** Ravindra…; RAJNEESH…
- **Advocates:** Karan Prata…; Nishant S…

## Timeline

- **2015-07-01 — Purchase Orde…**: Petitioner (Amit Enterprise) issued a Purchase Order to Respondent (Urvashi Material…
- **2015-12-31 — Supply Deadline &…**: Deadline for the supply of customized marble tiles by the Corporate Debtor; also…

## 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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