# Covalent Laboratories Pvt. Ltd. vs. Centurion Remedies Pvt. Ltd.

> NCLT judgment dated 20 Apr 2026. Citation: TCN-2026-NCLT-00382. Covalent Laboratories Pvt. Ltd. filed a petition under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 20 Apr 2026
- **Citation:** TCN-2026-NCLT-00382
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/covalent-laboratories-pvt-ltd-vs-centurion-remedies-pvt-ltd-0f6f73ac

## Summary

### Background

Covalent Laboratories Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Centurion Remedies Pvt. Ltd., seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to default in payment of operational debt.

## Facts

Covalent Laboratories Pvt. Ltd. filed a Company Petition against Centurion Remedies Pvt. Ltd. under Section 9 of the IBC, 2016, seeking initiation of CIRP.

The Operational Creditor claimed an operational debt of Rs. 3,25,83,584/- along with interest arising from the supply of goods.

The Corporate Debtor contended that there were pre-existing disputes between the parties regarding delays and deficiencies in supply.

The Corporate Debtor made a part payment of Rs. 10,00,000/- on 14.11.2025 after the issuance of the Demand Notice.

The Operational Creditor issued a demand notice dated 24.03.2025 to the Corporate Debtor demanding payment of the outstanding operational debt.

The date of default is stated to be 17.05.2024.

## Issues and analysis

### Issue 1: Whether there exists a pre-existing dispute between the operational creditor and the corporate …

**Ratio:** The Hon'ble Supreme Court in Mobilox Innovations Private Limited v. Kirusa Software

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**Reasoning:** The Corporate Debtor has relied upon certain email communications, primarily dated

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**Interpretation:** A genuine dispute should be based on credible evidence and not be an

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**Application:** In this case, the Corporate Debtor's claim of pre-existing dispute is based on

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## Parties

- **Judges:** SH. SHAMM…; SANJEEV S…
- **Appellants:** Covalent Laborator…
- **Respondents:** Centurion…
- **Other parties:** Insolvency and…; Corporate…; +3 more
- **Advocates:** Dishit Bhattacharj…; Heet B. J…; +1 more

## Timeline

- **2026-03-18 — Filing of Company…**: The Company Petition…
- **2025-03-24 — Demand N…**: The Operational Creditor issued a…

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