# In the matter of CNSB TEXTILE INDUSTRIES LLP

> NCLT judgment dated 2025-11-14. Citation: TCN-2025-NCLT-01857. M/s Textile Chemical Industries filed a Company Petition under Section 9 of the IBC, 2016…

- **Court:** NCLT
- **Order date:** 14 Nov 2025
- **Citation:** TCN-2025-NCLT-01857
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/cnsb-textile-industries-llp-5aa140c3

## Summary

### Background

M/s Textile Chemical Industries filed a Company Petition under Section 9 of the IBC, 2016 against CNSB Textile Industries LLP for initiation of CIRP due to default in payment of operational debt amounting to Rs.1,31,30,513/-.

## Facts

The Company Petition was filed on 13.06.2025 by M/s Textile Chemical Industries against CNSB Textile Industries LLP.

The operational debt claimed is Rs.1,31,30,513/- including interest arising from the supply of goods.

M/s Textile Chemical Industries is a Partnership Firm registered under the Indian Partnership Act, 1932.

CNSB Textile Industries LLP is a Limited Liability Partnership Firm incorporated on 16.04.2019.

The Operational Creditor named CA Bhavi Shreyansh Shah as the Interim Resolution Professional (IRP).

The date of default is stated to be 09.02.2025.

The Operational Creditor supplied textile chemicals and materials to the Corporate Debtor on credit from 07.05.2024 to 11.12.2024.

…

## Issues and analysis

### Issue 1: Whether the threshold requirements …

**Ratio:** Section 9 of the IBC mandates the existence of an operational debt exceeding Rs. 1.00

…

**Reasoning:** The Adjudicating Authority found that the operational debt exceeded Rs. 1.00 crore, a

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**Interpretation:** The requirements of

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**Application:** Since the requirements were met, the

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## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Textile Chemical…; M/s Textile…
- **Respondents:** CNSB Textile…
- **Other parties:** CA Bhavi Shreyansh…
- **Advocates:** Vijay Limb…; Noopur…

## Timeline

- **13.06.2025 — Filing of P…**: Company Petition filed by M/s Textile Chemical Industries against CNSB Textile Industries…
- **17.02.2025 — Demand N…**: Demand notice under Section 8 IBC…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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