# In the matter of Hamd Foods Pvt. Ltd. (IB)-110(ND)2020

> NCLT judgment dated 2022-05-31. Citation: TCN-2022-NCLT-04736. The Applicant, Amrit Seair Express Pvt. Ltd., filed a petition under Section 9 of the IBC, 2016…

- **Court:** NCLT
- **Order date:** 31 May 2022
- **Citation:** TCN-2022-NCLT-04736
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/hamd-foods-pvt-ltd-ib-110nd2020-f6297542

## Summary

### Background

The Applicant, Amrit Seair Express Pvt. Ltd., filed a petition under Section 9 of the IBC, 2016 to initiate CIRP against the Corporate Debtor, Hamd Foods Pvt. Ltd., for a defaulted amount of Rs. 1,29,19,885/- plus interest at 24%.

## Facts

Amrit Seair Express Pvt. Ltd. filed a petition under Section 9 of IBC, 2016 to initiate CIRP against Hamd Foods Pvt. Ltd.

The defaulted amount claimed is Rs. 1,29,19,885/- plus interest at 24%.

Amrit Seair Express Pvt. Ltd. is an Operational Creditor providing courier and clearing agent services since 1996.

Hamd Foods Pvt. Ltd. is a Corporate Debtor who availed the services of the Operational Creditor since 2017.

The Operational Creditor sent a demand notice dated 05.02.2020 to the Corporate Debtor.

The Corporate Debtor made a payment of Rs. 1,34,000.00 on 31.01.2020.

The Corporate Debtor transferred Rs. 1,57,000/- through NEFT on 06.02.2020.

The Corporate Debtor failed to appear despite several adjournments.

The petition was admitted under Section 9(5)(i) of the IBC.

…

## Issues and analysis

### Issue 1: Whether the Operational Creditor established a default on the part of the Corporate Debtor in …

**Ratio:** Yes, the Operational Creditor

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**Reasoning:** The Corporate Debtor failed to appear and file a reply, and the application was found to

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**Interpretation:** The absence of a reply and the completeness of the application indicate a clear

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**Application:** The NCLT accepted the averments made in the application regarding the defaulted

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## Parties

- **Judges:** ABNI RANJAN KUMAR…; L. N. G…
- **Appellants:** Amrit Seair…
- **Respondents:** Hamd Foods Pvt.…
- **Other parties:** Kewal Krishan…
- **Advocates:** Nalini Ad…

## Timeline

- **2020-01-31 — Partial P…**: The Corporate Debtor made a…
- **2020-02-05 — Demand N…**: Operational Creditor sent a…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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