# In the matter of Metropolis Logistics Private Limited

> NCLT judgment dated 2025-05-16. Citation: TCN-2025-NCLT-00065. This case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016,…

- **Court:** NCLT
- **Order date:** 16 May 2025
- **Citation:** TCN-2025-NCLT-00065
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/metropolis-logistics-private-limited-6b24bc4b

## Summary

### Background

This case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Venture Supply Chain Pvt. Ltd. (Operational Creditor) against M/s. Metropolis Logistics Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of Rs 41,01,77,786/- based on unpaid invoices for transportation services provided to the Corporate Debtor. The Corporate Debtor acknowledged the debt but cited financial difficulties and a fire incident as reasons for non-payment.

## Facts

M/s. Venture Supply Chain Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Metropolis Logistics Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor is engaged in providing commercial cargo vehicles for hire and transportation services. The Corporate Debtor is a company engaged in similar business. The parties entered into an agreement dated 01.05.2019 for transportation services. The Operational Creditor raised invoices for services provided between 31.03.2023 and 30.06.2024. The Corporate Debtor defaulted on payments, leading to a total outstanding debt of Rs 41,01,77,786/- as of 30.07.2024. The Operational Creditor

…

## Issues and analysis

### Issue 1: Whether there is an ‘Operational Debt' exceeding Rs. …

**Ratio:** Section 4 of the IBC specifies the minimum threshold for initiating CIRP. The threshold

…

**Reasoning:** The NCLT noted that the Operational Creditor claimed an outstanding amount of Rs.

…

**Interpretation:** Section 4 of the IBC sets the pecuniary jurisdiction for initiating CIRP. The

…

**Application:** The claimed debt of Rs. 42,03,19,629.00 exceeds the threshold of Rs. 1 Crore,

…

## Parties

- **Judges:** MAHENDRA KHANDELWA…; SUBRATA KUM…
- **Appellants:** M/s. Venture…
- **Respondents:** M/s. Metropolis…

## Timeline

- **2019-05-01 — Agreement…**: The Operational Creditor and Corporate Debtor entered into an agreement for…
- **2023-03-31 — Invoice Perio…**: Start date of the period for which invoices…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/metropolis-logistics-private-limited-6b24bc4b