A dispute over unpaid debts between a receivables finance company and a New Jersey-based corporation has led to a lawsuit seeking more than $412,000, plus interest and attorneys’ fees. The case centers on claims that the defendant failed to meet its obligations under a written payment agreement after receiving goods from a third-party supplier.
The complaint was filed by Stenn Direct Funding Designated Activity Company in the United States District Court for the District of New Jersey on March 16, 2026, naming NPC Global Corporation as the defendant.
According to court documents, Stenn Direct Funding Designated Activity Company is organized under the laws of Ireland with an office in Dublin. NPC Global Corporation is incorporated in New Jersey with its principal business address in Carteret, New Jersey. The plaintiff alleges that it lawfully purchased and became the assignee of certain accounts receivable originally owed by NPC Global Corporation to Dongguan Taihong Packaging Co., Limited, which supplied goods or materials to NPC during August 4, 2024 through October 19, 2024.
The filing states that after acquiring these accounts receivable (referred to as “the Accounts”), Stenn Direct Funding became entitled to receive payments directly from NPC Global Corporation. On October 30, 2025, following alleged failures by NPC to meet existing payment obligations, both parties entered into a written agreement consolidating all outstanding amounts into a single debt subject to an installment payment plan. The original sum owed was $510,459.15 but was conditionally discounted to $470,794.49 if timely installment payments were made according to the schedule outlined in the agreement.
The complaint details that while NPC began making payments on November 3, 2025, only five installments totaling $98,082.15 were received before further payments ceased. Notices of default and demands to cure were sent by Stenn’s counsel on January 22 and February 12, 2026. The first notice cited missed December 15, 2025 and January 15, 2026 installments totaling $39,232.86; the second notice referenced additional missed payments for January and February totaling another $39,232.86.
Despite these notices—which provided five business days each for NPC Global Corporation to cure its defaults—no further payments were made beyond those initial five installments. As stipulated in their agreement (attached as Exhibit A), failure to make scheduled payments would cause the amount owed to revert back to the full undiscounted sum minus any partial payments already made.
The plaintiff asserts that as of the date of filing suit it is owed $412,377 ($510,459.15 less $98,082.15 already paid). Additionally, under terms set forth in their agreement—including Paragraphs 6 and 7—Stenn seeks interest at one percent per month from January 23, 2026 until judgment is entered as well as reasonable attorneys’ fees and costs incurred in enforcing payment obligations.
In Count I (Breach of Contract), Stenn alleges that NPC breached both by failing to pay according to schedule and by not curing defaults after receiving formal notices demanding payment within specified timeframes: “Defendant breached the Agreement by failing to provide the installment payments…in accordance with the Schedule.”
Count II (Unjust Enrichment) claims that because defendant received goods from Dongguan Taihong Packaging Co., Limited but failed to satisfy related financial obligations now held by Stenn Direct Funding Designated Activity Company: “Defendant has been unjustly enriched…to the detriment of plaintiff.”
For both counts Stenn requests judgment against NPC Global Corporation for $412,377 plus contractually obligated interest at one percent per month starting January 23, attorneys’ fees and costs associated with enforcement efforts—including preparation and filing of this motion—and any other relief deemed appropriate by the court.
Attorney George N. Styliades represents Stenn Direct Funding Designated Activity Company in this matter; his offices are located in Moorestown, New Jersey. Copies of default notices were also sent to Stephen B. Kaplitt as noted counsel via email correspondence included with exhibits attached to the complaint filing (Case No.: 2:26-cv-02654).
