# In the matter of Prolific Systems and Technologies Private Limited

> NCLT judgment dated 2025-08-26. Citation: TCN-2025-NCLT-01274. This case involves a petition filed by Inventtive Systems & Automation Private Limited…

- **Court:** NCLT
- **Order date:** 26 Aug 2025
- **Citation:** TCN-2025-NCLT-01274
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/prolific-systems-and-technologies-private-limited-2e942ecb

## Summary

### Background

This case involves a petition filed by Inventtive Systems & Automation Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Prolific Systems & Technologies Private Limited (Corporate Debtor) for a default amount of Rs. 5,41,66,039/-.

## Facts

Inventtive Systems & Automation Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC to initiate CIRP against Prolific Systems & Technologies Private Limited (Corporate Debtor).

The total amount of default alleged is Rs. 5,41,66,039/-.

The default occurred on 12.01.2024, the day after the last payment was received from the Corporate Debtor.

The Operational Creditor supplied electrical testing and automation goods to the Corporate Debtor during the period from 11.03.2021 to 31.08.2024.

The Operational Creditor issued a demand notice dated 03.01.2025 for the outstanding amount.

The Corporate Debtor faced financial distress due to disruptions caused by the Covid-19 pandemic.

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## Issues and analysis

### Issue 1: Whether the Operational Creditor has established the existence of an operational debt exceeding the …

**Ratio:** Yes.…

**Reasoning:** The Adjudicating Authority found that the Operational Creditor had submitted sufficient

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**Interpretation:** The threshold for initiating CIRP under Section 9 of the IBC is met when the

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**Application:** The Adjudicating Authority relied on the documents provided by the Operational

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Inventtive…
- **Respondents:** Prolific Systems…; Prolific Systems…
- **Other parties:** Raghunath B…
- **Advocates:** Krushi…; Tejas Ma…

## Timeline

- **2020-10-00 — Corporate Debtor…**: The Corporate Debtor approached the Operational Creditor for the purchase of products for…
- **2020-10-12 — Purchase Orde…**: The Corporate Debtor issued a…

## 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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