# In the matter of Sankalpshakti Enterprises Private Limited

> NCLT judgment dated 2025-06-04. Citation: TCN-2025-NCLT-00017. Neelkanth Trading Company, an operational creditor, filed an application under Section 9 of the…

- **Court:** NCLT
- **Order date:** 4 Jun 2025
- **Citation:** TCN-2025-NCLT-00017
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/sankalpshakti-enterprises-private-limited-36caed04

## Summary

### Background

Neelkanth Trading Company, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sankalpshakti Enterprises Private Limited, the corporate debtor, due to unpaid operational debt amounting to Rs. 1,00,45,600. The operational debt arose from a business arrangement dated 16.04.2022, where Neelkanth Trading Company supplied dairy product 'cream' to Sankalpshakti Enterprises on three occasions in April 2023. Despite repeated requests, the corporate debtor failed to make the payments, leading to the issuance of a demand notice on 22.01.2024.

## Facts

Neelkanth Trading Company (Operational Creditor) and Sankalpshakti Enterprises Pvt. Ltd. (Corporate Debtor) entered into a business arrangement on 16.04.2022. Under this arrangement, Neelkanth Trading Company supplied dairy product 'cream' to Sankalpshakti Enterprises on three occasions: 15.04.2023, 21.04.2023, and 26.04.2023. Invoices were raised for these supplies, and a total amount of Rs. 1,00,45,600/- became outstanding. Despite numerous requests and reminders, Sankalpshakti Enterprises failed to make the payments. Consequently, Neelkanth Trading Company sent a demand notice in Form-3 dated 22.01.2024 under Section 8 of the Insolvency and Bankruptcy Code to Sankalpshakti Enterprises. In response, Sankalpshakti Enterprises, on 07.02.2024, expressed willingness to

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## Issues and analysis

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

**Ratio:** The Supreme Court in Innoventive Industries Ltd. v. ICICI Bank (2018) emphasized that the

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**Reasoning:** The Adjudicating Authority considered the facts of the case and the judgements cited and

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**Interpretation:** Section 9 of the IBC allows an operational creditor to initiate CIRP against a

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**Application:** In this case, the Adjudicating Authority found that the operational creditor

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; Sanjeev R…
- **Appellants:** Neelkanth Trading…
- **Respondents:** Sankalpshakti…

## Timeline

- **2022-04-16 — Business Arra…**: Neelkanth Trading Company and Sankalpshakti Enterprises Pvt. Ltd. entered into a business…
- **2023-04-15 — Supply of Dair…**: Neelkanth Trading Company supplied dairy…

## 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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