# M/s. Uma Exports Limited vs. M/s. Epic Yarns Private Limited

> NCLT judgment dated 2026-07-23. Citation: TCN-2026-NCLT-00629. M/s. Uma Exports Limited (Operational Creditor) filed an application under Section 9 of the…

- **Court:** NCLT
- **Order date:** 23 Jul 2026
- **Citation:** TCN-2026-NCLT-00629
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/ms-uma-exports-limited-vs-ms-epic-yarns-private-limited-gegv8

## Summary

### Background

M/s. Uma Exports Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Epic Yarns Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application claimed a default of Rs. 2,57,05,145/-, including principal and interest, arising from the supply of cotton bales. The date of default was stated as 12.08.2024.

## Facts

M/s. Uma Exports Limited (Operational Creditor) filed C.P. (IB) No. 898 of 2025 on 17.06.2025 under Section 9 of the IBC, 2016, against M/s. Epic Yarns Private Limited (Corporate Debtor).

The Operational Creditor sought initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.

The claimed amount in default is Rs. 2,57,05,145/-, which includes a principal outstanding of Rs. 2,40,12,566/- and interest of Rs. 14,47,203/-.

The debt arose from the supply of bales of cotton by the Operational Creditor to the Corporate Debtor.

The date of default is stated to be 12.08.2024, against the first invoice becoming due and payable.

Klass Insolvency Resolution Professionals Private Limited was proposed to act as the Interim Resolution Professional (IRP).

…

## Issues and analysis

### Issue 1: Whether the Applicant supplied 1,225 cotton bales, as claimed, or only 950 cotton bales, as alleged …

**Ratio:** A dispute must be genuine and supported by contemporaneous material existing prior to the

…

**Reasoning:** The Corporate Debtor failed to produce any contemporaneous correspondence (email, letter,

…

**Interpretation:** The Tribunal is not required to undertake a detailed adjudication of

…

**Application:** The Corporate Debtor's objections regarding quantity and quality are not

…

## Parties

- **Judges:** NILESH S…; SAMEER…
- **Appellants:** M/s. Uma Exports…
- **Respondents:** M/s. Epic Yarns…
- **Other parties:** Klass Insolvency…
- **Advocates:** Zeba…; Saurav…; +5 more

## Timeline

- **2024-06-30 — Start of Good…**: The Operational Creditor began supplying…
- **2024-08-03 — End of Goods…**: The Operational Creditor completed the supply…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-mumbai/ms-uma-exports-limited-vs-ms-epic-yarns-private-limited-gegv8