# In the matter of JHANDEWALAS FOODS LIMITED

> Read the full IBC case summary for In the matter of JHANDEWALAS FOODS LIMITED. NCLT judgment dated 2025-07-04. Citation: TCN-2025-NCLT-00830.

- **Court:** NCLT
- **Order date:** 4 Jul 2025
- **Citation:** TCN-2025-NCLT-00830
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/jhandewalas-foods-limited-cfcb38e9

## Summary

### Background

The Operational Creditor, Param Dairy Limited, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Jhandewalas Foods Limited for non-payment of operational dues.

## Facts

Param Dairy Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Jhandewalas Foods Limited, the Corporate Debtor. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to alleged non-payment of operational dues totaling Rs. 3,86,77,404.54. This amount included a principal of Rs. 3,08,07,213/- and simple interest at 18% p.a. amounting to Rs. 78,70,191.54, calculated until December 14, 2022.

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## Issues and analysis

### Issue 1: Whether there is an operational debt exceeding Rs. 1 lakh that is due and payable and has not yet…

**Ratio:** An operational debt exceeding Rs. 1 lakh, which is due and payable and has not been paid,…

**Reasoning:** The NCLT found that the documents, including invoices and ledger accounts, clearly showed…

**Interpretation:** The court interpreted **Section 4** of the IBC to mean that the principal…

**Application:** Given the principal debt of Rs. 3,08,07,213/-, the NCLT determined that the…

## Parties

- **Judges:** Reeta K…; Kavita Bha…
- **Advocates:** Mohana S…; Vinay Kuma…; +2 more

## Timeline

- **August 12, 2022 — Date of D…**: The date on which the default…
- **November 2, 2022 — Demand Notice…**: Operational Creditor issued a Demand Notice under Section 8 of the Code to the Corporate…

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