NCLT Ahmedabad admits Section 9 IBC petition against Neo Microns Pvt Ltd for defaulting on an operational debt of Rs 2.54 crore to supplier Navkar Polymers.
The tribunal rejects the corporate debtor's defence of an oral dispute over goods quality, citing a lack of supporting evidence and an existing ledger confirmation.
CA Bimal Ashok Desai is appointed as the Interim Resolution Professional, and a moratorium is declared with immediate effect.
The operational creditor is directed to pay an advance of Rs 3 lakh to the IRP to meet initial CIRP costs.