# In the matter of Firefly Led Products Private Limited

> NCLT judgment dated 2025-03-18. Citation: TCN-2025-NCLT-01049. The case involves a petition filed by Moonlight Metal Industries Private Limited (Operational…

- **Court:** NCLT
- **Order date:** 18 Mar 2025
- **Citation:** TCN-2025-NCLT-01049
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/firefly-led-products-private-limited-aa1f23c4

## Summary

### Background

The case involves a petition filed by Moonlight Metal Industries Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Firefly LED Products Private Limited (Corporate Debtor) for default in payment of operational debt.

## Facts

Moonlight Metal Industries Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Firefly LED Products Private Limited (Corporate Debtor) for default in payment of operational debt.

The total amount of default alleged is Rs. 48,41,972/-, comprising principal and interest.

The Operational Creditor issued invoices for goods supplied to the Corporate Debtor between 12.10.2017 and 30.10.2017.

The Corporate Debtor made part-payments, with the last payment being on 14.05.2018.

The Operational Creditor issued a demand notice dated 26.04.2019 to the Corporate Debtor.

The application was initially dismissed for non-prosecution but was later restored.

The Corporate Debtor remained unrepresented despite multiple notices and substituted service.

…

## Issues and analysis

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

**Ratio:** The application is maintainable as the debt falls within the definition of operational

…

**Reasoning:** The Adjudicating Authority considered the invoices, bank statements, and demand notice

…

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

…

**Application:** The Adjudicating Authority applied Section 9 of the IBC and found that the

…

## Parties

- **Judges:** K. R. SAJI…; SANJIV…
- **Appellants:** Moonlight Metal…
- **Respondents:** Firefly LED…
- **Other parties:** Vimal Kumar…; Anil P…
- **Advocates:** Jeetendra R…; Gaurav…

## Timeline

- **2019-06-13 — Filing of App…**: Company Petition bearing C.P. (IB) No. 2892/MB/2019 was filed under Section 9 of the…
- **2020-12-15 — Dismissal of Ap…**: The Application was dismissed 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-mumbai/firefly-led-products-private-limited-aa1f23c4