# In the matter of CAMSON SEEDS LIMITED

> NCLT judgment dated 2025-04-09. Citation: TCN-2025-NCLT-00218. The case pertains to a petition filed by Pan Oceanic Seed Solutions Private Limited…

- **Court:** NCLT
- **Order date:** 9 Apr 2025
- **Citation:** TCN-2025-NCLT-00218
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/camson-seeds-limited-5a36a85d

## Summary

### Background

The case pertains to a petition filed by Pan Oceanic Seed Solutions Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The Corporate Debtor acknowledged its debt through various letters and made partial payments, but failed to clear the outstanding dues. The Operational Creditor issued a demand notice, but the Corporate Debtor failed to respond or make payments.

## Facts

Pan Oceanic Seed Solutions Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The Operational Creditor is engaged in trading seeds, researching in products such as bioinsecticides, and biofungicides. In 2017, the Corporate Debtor approached the Operational Creditor to purchase certain biotechnology agricultural products. The Operational Creditor supplied various seeds, including Watermelon Seeds, Ridge Gourd, Chilly, Okra, Tomato, Bitter Gourd, and Bottle Gourd. Invoices were

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## Issues and analysis

### Issue 1: Whether the petition filed by the Operational Creditor under Section 9 of the Insolvency and …

**Ratio:** Section 9 of the Insolvency and Bankruptcy Code, 2016, allows an operational creditor to

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**Reasoning:** The court considered the documents and arguments presented by both parties and found that

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**Interpretation:** Section 9 of the IBC provides a mechanism for operational creditors to recover

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**Application:** The court applied Section 9 of the IBC to the facts of the case and found that

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** PAN OCEANIC SEED…
- **Respondents:** CAMSON SEEDS…

## Timeline

- **2017-01-01 — Supply of…**: The Operational Creditor supplied…
- **2017-07-24 — First De…**: The first default mentioned…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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