# In the matter of SAMARTH FABLON PRIVATE LIMITED

> NCLT judgment dated 2025-09-10. Citation: TCN-2025-NCLT-01355. Kushal Polysacks Pvt. Ltd., the Operational Creditor/Applicant, filed a petition under Section…

- **Court:** NCLT
- **Order date:** 10 Sept 2025
- **Citation:** TCN-2025-NCLT-01355
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/samarth-fablon-private-limited-aa7cfcc0

## Summary

### Background

Kushal Polysacks Pvt. Ltd., the Operational Creditor/Applicant, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Samarth Fablons Private Limited, the Corporate Debtor, due to a total default of INR 18,26,33,734/-.

## Facts

Kushal Polysacks Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC against Samarth Fablons Private Limited (Corporate Debtor).

The total default amount claimed is INR 18,26,33,734/- as on 31.03.2023.

Kushal Polysacks is the Del Credere Agent (DCA) of Indian Oil Corporation Limited (IOCL).

Samarth Fablons purchased goods/polymer granules from IOCL, tagging Kushal Polysacks as their DCA.

IOCL raised invoices upon Samarth Fablons with a copy marked to Kushal Polysacks.

Samarth Fablons allegedly failed to pay the outstanding dues, leading to the initiation of CIRP.

The Corporate Debtor (CD) raised objections regarding the maintainability of the petition, claiming a lack of valid authorization and pre-existing disputes, including family disputes.

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## Issues and analysis

### Issue 1: Whether Mr. Shaumik Dutta has a valid …

**Ratio:** The authorization to file IBC proceedings was legally granted to Mr. Shaumik Dutta by the

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**Reasoning:** The NCLT considered the Board Resolution dated 18.11.2022 and found that Mr. Naresh Kumar

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**Interpretation:** The NCLT interpreted the authorization as valid, as it was granted before the

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**Application:** The NCLT concluded that the Company Petition was filed by an Authorized

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## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** Kushal Polysacks…
- **Respondents:** Samarth Fablons…
- **Other parties:** Naresh Kumar…; Kushal Ag…; +4 more
- **Advocates:** D.N. Sh…; Niloy Sen…; +5 more

## Timeline

- **2025-09-10 — Order Pronou…**: Date of pronouncement…
- **2025-10-17 — Next Hearin…**: C.P.(IB)/14(KB)/2024 to come up on…

## 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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