# In the matter of RL Marketing & Distributors v. M.H. Hinshra

> NCLT judgment dated 2025-06-24. Citation: TCN-2025-NCLT-00874. Three petitions were filed by RL Marketing & Distributors, an operational creditor, under…

- **Court:** NCLT
- **Order date:** 24 Jun 2025
- **Citation:** TCN-2025-NCLT-00874
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kochi/rl-marketing-distributors-v-mh-hinshra-4ae376cc

## Summary

### Background

Three petitions were filed by RL Marketing & Distributors, an operational creditor, under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate insolvency resolution processes against Mrs. M. H. Hinshra, Mr. M. H. Hinsaf, and Mrs. A. Fathima, personal guarantors of Plumbers Choice Plastics Private Limited, for a debt of Rs. 2,37,02,977.14.

## Facts

RL Marketing & Distributors filed petitions under Section 95(1) of the IBC against Mrs. M. H. Hinshra, Mr. M. H. Hinsaf, and Mrs. A. Fathima, personal guarantors of Plumbers Choice Plastics Private Limited.

The debt amount was Rs. 2,37,02,977.14.

The petitioner, RL Marketing & Distributors, acted as a del credere agent for Reliance Industries Limited (RIL).

The Corporate Debtor, Plumbers Choice Plastics Private Limited, entered into a Credit Agreement with the Petitioner on 31.01.2022 for Rs. 4,00,00,000.

Personal Guarantors executed a Deed of Guarantee on 31.01.2022, guaranteeing repayment of the Corporate Debtor's dues.

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## Issues and analysis

### Issue 1: Whether the guarantee agreement covers past …

**Ratio:** The terms and conditions stipulated in the guarantee agreement are important and would

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**Reasoning:** The Adjudicating Authority analyzed the guarantee agreement and found no express

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**Interpretation:** The language of the Guarantee does indicate that it is a "continuing

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**Application:** In the absence of a clear stipulation within the Guarantee itself or by way of

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## Parties

- **Judges:** Madhu S…; Vinay…
- **Appellants:** RL Marketing &…; Kizhakkekara…
- **Respondents:** Plumbers Choice…; M.H. Hi…; +2 more
- **Other parties:** Royal Marketing…; K K J…
- **Advocates:** Vinod…; Job Abr…

## Timeline

- **31.01.2022 — Credit Agreement and…**: The Corporate Debtor entered into a Credit Agreement with the Petitioner, and the…
- **06.05.2022 — Demand N…**: A demand notice was issued to the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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