# In the matter of Camson Seeds Ltd.

> NCLT judgment dated 2025-04-09. Citation: TCN-2025-NCLT-00220. The case involves an application filed by Pan Oceanic Seed Solutions Private Limited, an…

- **Court:** NCLT
- **Order date:** 9 Apr 2025
- **Citation:** TCN-2025-NCLT-00220
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/camson-seeds-ltd-c0b1e57e

## Summary

### Background

The case involves an application filed by Pan Oceanic Seed Solutions Private Limited, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited, the corporate debtor. The operational creditor claims that the corporate debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The corporate debtor acknowledged the debt and made partial payments but failed to clear the outstanding dues despite repeated reminders. The operational creditor issued demand notices, 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) due to a default of Rs. 1,08,09,250/-. The Operational Creditor supplied various seeds to the Corporate Debtor, including Watermelon Seeds, Ridge Gourd, Chilly, Okra, Tomato, Bitter Gourd, and Bottle Gourd, raising invoices amounting to Rs. 1,20,11,800/-. The first default occurred on 24.07.2017. The Corporate Debtor acknowledged its debt and made partial payments totaling INR 12,02,550 in different tranches. Despite repeated reminders, the Corporate Debtor failed to clear the outstanding dues. The Corporate Debtor

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## Issues and analysis

### Issue 1: Whether the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 is …

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

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**Reasoning:** The adjudicating authority considered the submissions of both parties and found that the

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**Interpretation:** Section 9 provides a mechanism for operational creditors to recover their dues

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

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## Parties

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

## Timeline

- **2017-07-24 — First De…**: The first default mentioned in the…
- **2017-11-08 — Corporate Debto…**: On 08.11.2017, the Corporate Debtor requested the Operational Creditor to take back…

## 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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