# A.H.A. International Co. Ltd. vs. Multisapphire Trading LLP

> NCLT judgment dated 27 Apr 2026. Citation: TCN-2026-NCLT-00430. A.H.A. International Co. Ltd. (Operational Creditor) filed a Company Petition under Section 9…

- **Court:** NCLT
- **Order date:** 27 Apr 2026
- **Citation:** TCN-2026-NCLT-00430
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/aha-international-co-ltd-vs-multisapphire-trading-llp-b7d3f947

## Summary

### Background

A.H.A. International Co. Ltd. (Operational Creditor) filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate a Corporate Insolvency Resolution Process (CIRP) against Multisapphire Trading LLP (Corporate Debtor). The petition arose from a default in payment of an operational debt amounting to USD 3,11,520 (equivalent to Rs.2,61,86,371/-) including interest, for the supply of goods (Monosodium Glutamate). The sales contract was dated 12.07.2023, and payment, due on 01.11.2023, was not made. The Operational Creditor sent email reminders, a legal notice, and a demand notice, to which the Corporate Debtor admitted receipt of goods but failed to pay or raise any pre-existing dispute.

## Facts

A.H.A. International Co. Ltd. (Operational Creditor) filed a Company Petition under Section 9 of the IBC, 2016, against Multisapphire Trading LLP (Corporate Debtor).

The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Multisapphire Trading LLP for default in payment of operational debt.

The total operational debt claimed is USD 3,11,520 (equivalent to approximately Rs.2,61,86,371/-), including principal and interest.

The debt arose from the supply of Monosodium Glutamate for a total consideration of USD 2,83,200 under a sales contract dated 12.07.2023.

Goods were supplied, and invoices dated 17.07.2023 were raised.

Payment terms were 90 days from the Bill of Lading dated 03.08.2023.

…

## Issues and analysis

### Issue 1: Whether there exists an operational debt owed by Multisapphire Trading LLP to A.H.A. International …

**Ratio:** An operational debt arises from the provision of goods or services. Section 9 of the IBC,

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**Reasoning:** A sales contract dated 12.07.2023 for the supply of Monosodium Glutamate for USD 2,83,200

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**Interpretation:** The provision of goods that are received and consumed without dispute by the

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**Application:** Given the undisputed supply and consumption of goods and the outstanding

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## Parties

- **Judges:** SH. SHAMM…; SANJEEV S…
- **Appellants:** A.H.A. Internation…
- **Respondents:** Multisapphire…
- **Other parties:** Insolvency and…; Corporate…; +8 more

## Timeline

- **2023-07-12 — Sales Contract…**: A sales contract for the supply of Monosodium…
- **2023-07-17 — Invoices…**: Invoices for the…

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