# In the matter of VITTAL CASHEW INDUSTRIES PVT LTD

> NCLT judgment dated 2026-01-07. Citation: TCN-2026-NCLT-00049. Voyager Trading Partners LLC filed a petition under Section 9 of the IBC, 2016, seeking…

- **Court:** NCLT
- **Order date:** 7 Jan 2026
- **Citation:** TCN-2026-NCLT-00049
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kochi/vittal-cashew-industries-pvt-ltd-3d5dc641

## Summary

### Background

Voyager Trading Partners LLC filed a petition under Section 9 of the IBC, 2016, seeking initiation of CIRP against Vittal Cashew Industries Private Limited due to unpaid operational debt.

## Facts

Voyager Trading Partners LLC (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against Vittal Cashew Industries Private Limited (Corporate Debtor).

The Operational Creditor claimed a default amount of USD 363,452.00 (equivalent to Rs. 3,22,63,634/-) as of 15th October 2025.

The Corporate Debtor acknowledged its liability but requested extensions of time for payment, citing a slowdown in demand and liquidity issues.

The Corporate Debtor made partial payments aggregating to USD 260,000 between 21st March 2025 and 29th July 2025, but the remaining balance remained unpaid.

The Corporate Debtor claimed that the amount claimed by the Operational Creditor was inflated and that there was a pre-existing dispute.

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## Issues and analysis

### Issue 1: Whether there is a pre-existing dispute between the …

**Ratio:** The Corporate Debtor failed to establish

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**Reasoning:** The Corporate Debtor acknowledged its liability and requested extensions of time for

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**Interpretation:** The Adjudicating Authority interpreted the Corporate Debtor's actions as an

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**Application:** The Adjudicating Authority disregarded the Corporate Debtor's claim of a

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## Parties

- **Judges:** Shri. Vina…
- **Appellants:** Voyager Trading…
- **Respondents:** Vittal Cashew…
- **Other parties:** Primus Insolvency…; Neha Bh…
- **Advocates:** Isaac T…

## Timeline

- **2025-11-20 — Date of Inst…**: The petition was filed by…
- **2026-01-07 — Order deliv…**: The order was delivered by…

## 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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