# ABV Electronics vs. Anmol Innovative Electrical Private Limited

> NCLT judgment dated 9 Mar 2026. Citation: TCN-2026-NCLT-00228. ABV Electronics (Operational Creditor) filed an application under Section 9 of the Insolvency…

- **Court:** NCLT
- **Order date:** 9 Mar 2026
- **Citation:** TCN-2026-NCLT-00228
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/abv-electronics-vs-anmol-innovative-electrical-private-limited-7dbmy

## Summary

### Background

ABV Electronics (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Anmol Innovative Electrical Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor supplied electrical products worth Rs. 1,20,45,210/- to the Corporate Debtor based on a Purchase Order dated 06.04.2023. The Corporate Debtor failed to make payments against the issued invoices within the stipulated 45 days. Despite multiple reminder letters and acknowledgment of the outstanding debt (with 18% p.a. interest) by the Corporate Debtor, payment was not made. A Demand Notice dated 15.04.2024 was issued for Rs. 1,37,12,314/-, which the Corporate Debtor also failed to pay or

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## Facts

ABV Electronics (Operational Creditor) filed an application under Section 9 of the IBC, 2016, for initiating CIRP against Anmol Innovative Electrical Private Limited (Corporate Debtor).

The Corporate Debtor issued a Purchase Order dated 06.04.2023 for electrical products worth Rs. 1,20,45,210/- from ABV Electronics.

The Corporate Debtor failed to make payments for goods supplied against seven tax invoices issued between 19.04.2023 and 30.05.2023.

Payment was due within 45 days from the date of each tax invoice, leading to a date of default of 14.07.2023 for the last invoice.

The Operational Creditor issued multiple reminder letters between 21.07.2023 and 16.02.2024, followed by a final reminder on 02.04.2024.

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## Issues and analysis

### Issue 1: Whether the application for CIRP is liable to be dismissed due to alleged non-compliance with Rule …

**Ratio:** Compliance with mandatory procedural requirements, such as serving a copy of the

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**Reasoning:** The Corporate Debtor contended that the Operational Creditor failed to comply with Rule

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**Interpretation:** The Tribunal interpreted the submission of Form 1A and its acknowledgment as

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**Application:** The Operational Creditor's submission of Form 1A to the IBBI and the filing of

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## Parties

- **Judges:** ANIL RAJ C…; K. R. SAJI…
- **Appellants:** ABV Elect…
- **Respondents:** Anmol Innovative…
- **Other parties:** Insolvency and…; Corporate…; +8 more
- **Advocates:** Kajal N…; Sanchit S t…; +3 more

## Timeline

- **2023-04-06 — Purchase Orde…**: Corporate Debtor issued Purchase Order PO/09/23-24 for electrical products to ABV…
- **2023-04-19 — Invoices…**: Operational Creditor started raising tax…

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