# MAHAVEER IMPEX vs. BEEPEE ENTERPRISE PRIVATE LIMITED

> NCLT judgment dated 2026-09-22. Citation: TCN-2026-NCLT-01066. Mahaveer Impex (Operational Creditor) filed an application under Section 9 of the IBC, 2016, to…

- **Court:** NCLT
- **Order date:** 22 Sept 2026
- **Citation:** TCN-2026-NCLT-01066
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/mahaveer-impex-vs-beepee-enterprise-private-limited-68f1b

## Summary

### Background

Mahaveer Impex (Operational Creditor) filed an application under Section 9 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Beepee Enterprise Private Limited (Corporate Debtor) for an unpaid operational debt of Rs. 2,02,24,499/-. The debt arose from the supply of textile material/fabric in 2020, with invoices from December 2024 to June 2025 remaining unpaid. Demand notices were issued, but the Corporate Debtor failed to make payment or raise a formal dispute.

## Facts

Mahaveer Impex (Applicant/Operational Creditor) filed an application under Section 9 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Beepee Enterprise Private Limited (Respondent/Corporate Debtor).

The application alleges a default of Rs. 2,02,24,499/- on account of unpaid invoices for the supply of textile material/fabric.

In 2020, the Corporate Debtor approached the Applicant for the supply of textile material, agreeing to make payments within 30 to 40 days of receiving invoices.

Invoices raised from December 2024 to June 2025 remained unpaid despite repeated reminders.

The Applicant issued a demand notice dated 15.10.2025 for the outstanding amount.

An email dated 09.12.2025 was sent by the Applicant requesting repayment.

…

## Issues and analysis

### Issue 1: Whether there is an existence of an operational debt and default on the part of the Corporate …

**Ratio:** The Tribunal found that the Applicant successfully established the existence of debt and

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**Reasoning:** The Applicant provided invoices for textile material supplied from December 2024 to June

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**Interpretation:** Under the IBC, an operational debt is established by proof of goods/services

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**Application:** In this case, Mahaveer Impex provided clear evidence of supply and outstanding

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## Parties

- **Judges:** Labh S…; Rekha K…
- **Appellants:** MAHAVEER…
- **Respondents:** BEEPEE ENTERPRISE…
- **Other parties:** Committee of…; Huzefa Fakhri…
- **Advocates:** Riyanshu A…; Navneet…; +2 more

## Timeline

- **2020 — Corporate Debtor…**: Beepee Enterprise Private Limited approached Mahaveer Impex for the supply of textile…
- **2024-12 to 2025-06 — Invoices raised and…**: Invoices for textile material supplied by Mahaveer Impex to Beepee Enterprise Private…

## 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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