# In the matter of VIMLA FUELS & METALS LIMITED

> NCLT judgment dated 2025-10-06. Citation: TCN-2025-NCLT-01452. The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 by…

- **Court:** NCLT
- **Order date:** 6 Oct 2025
- **Citation:** TCN-2025-NCLT-01452
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/vimla-fuels-amp-metals-limited-c4c07404

## Summary

### Background

The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Vidya Devi Chowdhury, an Operational Creditor, against Vimla Fuels & Metals Limited, the Corporate Debtor, for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in payment of operational debt.

## Facts

Vidya Devi Chowdhury, Proprietor of BDHCCI Coal Coke Minerals & Metals Enterprises, filed a petition against Vimla Fuels & Metals Limited under Section 9 of the IBC.

The Operational Creditor claimed a total operational debt of Rs. 1,43,93,688/-, including interest, with the principal amount being Rs. 1,18,46,827/-.

The date of default was stated as 04.10.2024.

The Operational Creditor and Corporate Debtor had a commercial relationship for approximately 6-7 years, commencing around 2018-2019.

The Corporate Debtor made partial supplies of LAM Coke against advances received from the Operational Creditor.

The Corporate Debtor acknowledged the debt through ledger statements, emails, and communications.

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## Issues and analysis

### Issue 1: Whether the claimed amount qualifies as an …

**Ratio:** Section 5(21) defines "operational debt" as a claim in respect of the provision

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**Reasoning:** The Tribunal found a direct nexus between the advances made by the Operational Creditor

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**Interpretation:** Advances for goods, even if the creditor is the receiver, qualify as

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**Application:** The claim qualifies as an operational debt because the advances were intended

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## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Vidya Devi…
- **Respondents:** Vimla Fuels &…
- **Other parties:** Anil Kumar…; Mobilox Innovation…; +5 more
- **Advocates:** Tirth N…; Harshil L…

## Timeline

- **2025-05-08 — Filing of Company…**: Company Petition filed by the…
- **2025-02-19 — Issuance of Statutory…**: Operational Creditor issued a statutory…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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