# In the matter of SHRI PARAMSUKH EDIBLE FOODS PRIVATE LIMITED

> NCLT judgment dated 2025-09-11. Citation: TCN-2025-NCLT-01374. The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 11 Sept 2025
- **Citation:** TCN-2025-NCLT-01374
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-indore/shri-paramsukh-edible-foods-private-limited-6b0bf57d

## Summary

### Background

The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Shri Paramsukh Edible Foods Pvt Ltd by Rakesh Kumar Goyal, an operational creditor.

## Facts

Rakesh Kumar Goyal, Proprietor of M/s Mohini Food Product, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, as an operational creditor.

The operational creditor claimed a net amount of Rs. 1,42,46,178/- along with interest of Rs. 28,58,480/- was due from the corporate debtor.

The corporate debtor, Shri Paramsukh Edible Foods Pvt Ltd, is a private limited company incorporated on 3rd February, 2020.

The applicant claimed to have supplied Mustard Seeds to the respondent, with 8 invoices raised between 05.08.2021 and 31.08.2021 remaining unpaid.

The corporate debtor argued that the debt amount was not in default, there was no agreement on interest payment, and the e-way bill address was incorrect.

…

## Issues and analysis

### Issue 1: Whether the application under Section 9 of the …

**Ratio:** The application is admissible if the operational debt exists, there is a default, and the

…

**Reasoning:** The tribunal found that the operational debt was due, a default had occurred, and the

…

**Interpretation:** The requirements of

…

**Application:** The tribunal admitted the

…

## Parties

- **Judges:** Mohan P.…; SANJEEV S…
- **Appellants:** Rakesh Kuma…
- **Respondents:** Paramsukh Edible…
- **Other parties:** Chirag Rajendrakum…; M/s Mohini Food…; +1 more
- **Advocates:** Sanjeev Cha…

## Timeline

- **2023-07-20 — Petition…**: The instant petition was…
- **2023-10-13 — First Notif…**: The petition was notified for…

## 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-indore/shri-paramsukh-edible-foods-private-limited-6b0bf57d