# Lintec India Private Limited vs. Naxnova Technologies Private Limited

> NCLT judgment dated 2026-05-06. Citation: TCN-2026-NCLT-00532. Lintec India Private Limited (Operational Creditor) filed an application under Section 9 of the…

- **Court:** NCLT
- **Order date:** 6 May 2026
- **Citation:** TCN-2026-NCLT-00532
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/lintec-india-private-limited-vs-naxnova-technologies-private-limited-a8bgv

## Summary

### Background

Lintec India Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against Naxnova Technologies Private Limited (Corporate Debtor) for an operational debt of Rs. 9,74,86,143/- plus interest. The debt arose from the supply of adhesive products under purchase orders with 60-day payment terms. Despite continuous supplies and follow-ups, the Corporate Debtor defaulted on payments, proposed a payment schedule which it failed to adhere to, and continued issuing new purchase orders without clearing old dues.

## Facts

Lintec India Private Limited (Applicant/Operational Creditor) filed an application under Section 9 of the IBC, 2016, against Naxnova Technologies Private Limited (Corporate Debtor).

The application was filed on 02.07.2025, through its Authorized Representative Mr. Ankit Gupta.

The Applicant is engaged in the manufacture and supply of adhesive products.

The total amount claimed in default by the Applicant is Rs. 9,74,86,143/- along with interest at 18% p.a.

The Corporate Debtor approached the Applicant in February 2025 to procure automobile-grade adhesive products for its project sites.

The Corporate Debtor issued multiple Purchase Orders (POs) between February 2025 and April 2025, which stipulated payment within 60 days from the invoice date.

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## Issues and analysis

### Issue 1: Whether, not making the payment of the invoices raised as per the agreed terms of payment as per …

**Ratio:** A "dispute" under Section 8 of the IBC must be pre-existing and plausible, not

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**Reasoning:** The Tribunal found that the Corporate Debtor's contentions regarding pre-existing

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**Interpretation:** The Tribunal interpreted "dispute" narrowly, in line with the Supreme

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**Application:** The Tribunal applied the principles from Mobilox and Saraswati Wire and Cable

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## Parties

- **Judges:** NILESH S…; SAMEER…
- **Appellants:** Lintec India…
- **Respondents:** Naxnova Technologi…
- **Other parties:** Ankit G…; Jitendra T…; +2 more
- **Advocates:** D. D. M…; Ziyad M…; +8 more

## Timeline

- **2022-07-12 — Quality Issue…**: Rejection of LC 3080 LB film due to poor ink…
- **2023-09-01 — Logo Liner Discussions…**: Discussions regarding the logo liner to prevent duplication of goods in the Indian market…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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