# In the matter of KANJIRAVELIL TRADERS PRIVATE LIMITED

> NCLT judgment dated 2025-11-12. Citation: TCN-2025-NCLT-01638. The case involves a petition filed by 63Ideas Infolabs Private Limited, the Operational…

- **Court:** NCLT
- **Order date:** 12 Nov 2025
- **Citation:** TCN-2025-NCLT-01638
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kochi/kanjiravelil-traders-private-limited-48770bdd

## Summary

### Background

The case involves a petition filed by 63Ideas Infolabs Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Kanjiravelil Traders Private Limited, the Corporate Debtor, for default in repayment of an operational debt.

## Facts

63Ideas Infolabs Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Kanjiravelil Traders Private Limited (Corporate Debtor).

The Operational Creditor and Corporate Debtor entered into a Sale and Purchase Agreement dated 07.06.2024 for the supply of nutmeg.

The Corporate Debtor issued a Purchase Order dated 29.10.2024 for the supply of goods.

The Operational Creditor supplied the goods and raised Invoice No. AF-7054 dated 29.10.2024.

The Corporate Debtor received the goods but failed to make payment towards the invoice value.

The Operational Creditor served a Form 3 demand notice under Section 8 of the IBC dated 17.04.2025.

…

## Issues and analysis

### Issue 1: Whether the Operational Creditor has met the requirements under Section 9 of the Insolvency and …

**Ratio:** Yes, the Operational Creditor has met the

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**Reasoning:** The Operational Creditor has provided evidence of a valid operational debt, a default in

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**Interpretation:** The Adjudicating Authority interpreted Section 9 of the IBC to mean that if the

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**Application:** The Adjudicating Authority applied the provisions of Section 9 of the IBC to

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## Parties

- **Judges:** Vinay…; Madhu S…
- **Appellants:** 63Ideas Infolabs…
- **Respondents:** Kanjiravelil…
- **Other parties:** Balakrishnan…
- **Advocates:** Cyriac…

## Timeline

- **2024-06-07 — Sale and Purchase…**: The Operational Creditor and the Corporate Debtor entered into a Sale and Purchase…
- **2024-10-29 — Purchase Order and…**: The Corporate Debtor issued a Purchase Order, and the Operational Creditor raised Invoice…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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