Dentons Link Legal Represente Sabic Asia Pacific Pte Limited In Initiation Of CIRP Against Global Poly Bags Industries Private Limited
Dentons Link Legal represented Sabic Asia Pacific in initiating CIRP against Global Poly Bags before NCLT Chennai.
Dentons Link Legal represents Sabic Asia Pacific Pte Limited in initiation of CIRP against Global Poly Bags Industries Private Limited
The global law firm Dentons, through its Indian presence Dentons Link Legal, has successfully advised and represented Sabic Asia Pacific Pte Limited, a Singapore-based company, before the Hon’ble National Company Law Tribunal (NCLT), Chennai, in CP (IBC) No. 118 of 2024.
The firm filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 on behalf of the client for initiation of the Corporate Insolvency Resolution Process (CIRP) against Global Poly Bags Industries Private Limited for non-payment of USD 2,265,752.50 towards supply of goods. Dentons Link Legal contested the matter and advanced submissions demonstrating that the claim was within limitation due to repeated acknowledgements and part-payments, that no genuine pre-existing dispute existed, and that belated contractual defences and the arbitration clause could not bar CIRP.
The Hon’ble NCLT, Chennai admitted the petition, thereby initiating CIRP against the corporate debtor, appointing an Interim Resolution Professional, and imposing a moratorium under Section 14 of the IBC. Dentons Link Legal provided legal strategy and advice at every stage to ensure that the rights of the client were effectively protected and secured.
The Dentons Link Legal matter was led by Mustafa Motiwala (Senior Partner), Nihal Shaikh (Associate Partner), and Siddhi Phatkare (Articled Clerk).
Dentons Link Legal is a leading full-service Indian law firm that entered into a historic combination with the global law firm Dentons in May 2023. Established in 1999, it was the first Indian law firm to combine with a global firm, allowing it to maintain its Indian ownership and management while accessing Dentons' global network of over 160 offices across 80+ countries.
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