Burnpur Cement Ltd

Burnpur Cement Wins Key Legal Battle 🏛️✅

• NCLT Kolkata dismissed insolvency application filed by Mittal Polysacks Pvt Ltd over ₹31.25 crore alleged debt.

• Tribunal cited pre-existing dispute, no written agreements, and insufficient proof of delivery for cement bags supplied in 2016.

• Mittal Polysacks, an associate company with shared management, delayed filing by nearly 5 years and lacked primary evidence like transport receipts.

• Management change at Burnpur Cement in October 2019 led to reversal of debt entry in financial statements, supporting dispute validity.

• Company continues normal operations with no insolvency proceedings.