# In the matter of C Gems and Jewels Private Limited

> NCLT judgment dated 2025-07-31. Citation: TCN-2025-NCLT-01196. An application was filed by the RP seeking direction to Hindustan Petroleum Corporation Limited…

- **Court:** NCLT
- **Order date:** 31 Jul 2025
- **Citation:** TCN-2025-NCLT-01196
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/c-gems-and-jewels-private-limited-077b5a60

## Summary

### Background

An application was filed by the RP seeking direction to Hindustan Petroleum Corporation Limited (HPCL) to continue supplying petroleum products to the Corporate Debtor's filling stations. The Corporate Debtor was put into CIRP on 11.07.2025, and the supply of petrol and CNG was stopped on 07.07.2025.

## Facts

The Corporate Debtor, C Gems And Jewels Private Limited, is undergoing CIRP.

Hindustan Petroleum Corporation Limited (HPCL) stopped supplying petroleum products to the Corporate Debtor's filling stations on 07.07.2025.

The RP filed an application seeking direction to HPCL to resume the supply of petroleum products.

The Corporate Debtor owes HPCL Rs.3.48 Crores.

The land on which the filling stations are set up is owned by the Corporate Debtor but leased to HPCL.

## Issues and analysis

### Issue 1: Whether the supply of petroleum products is essential for the Corporate Debtor to operate as a …

**Ratio:** Yes, the supply of petroleum products is critical for running the Corporate Debtor as a

…

**Reasoning:** The court recognized that the supply of petroleum products is essential for the Corporate

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**Interpretation:** Section 14(2) and 14(2A) of the IBC emphasize the need to maintain the

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**Application:** The court directed HPCL to resume the supply of petroleum products to ensure

…

## Parties

- **Judges:** K. K. S…; K. Bi…
- **Appellants:** PUNJAB AND SIND…; Aalok J…; +3 more
- **Respondents:** C Gems And Jewels…; Hindustan…
- **Other parties:** Navneet…
- **Advocates:** Aalok J…; Shubham…; +2 more

## Timeline

- **2025-07-11 — CIRP Init…**: The Corporate Debtor was put into…
- **2025-07-07 — Supply St…**: The supply of petrol and CNG was stopped to the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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