NCLT issues notice to Oppo mobiles for payment default

The National Company Law Tribunal (NCLT) has issued notices to Chinese mobile manufacturer OPPO Mobiles for defaulting to pay a demand of approximately Rs 17 crores that was raised by liquidator of Hipad Technology India Private Limited (HTIPL) against the outstanding dues of OPPO mobiles to Hipad. The notices were issued after the said amount remained unpaid till date.

Petitioner or operational creditor HTIPL, which is a Chinese based company was engaged in mobile manufacturing in India till 2019 supplying with job work for the OPPO Mobiles which is respondent or the corporate debtor in this matter under litigation at NCLT