# In the matter of Dee Cee Coal Carriers Private Limited

> NCLT judgment dated 2025-11-21. Citation: TCN-2025-NCLT-01835. Vishnu Traders, an operational creditor, filed an application under Section 9 of the Insolvency…

- **Court:** NCLT
- **Order date:** 21 Nov 2025
- **Citation:** TCN-2025-NCLT-01835
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/dee-cee-coal-carriers-private-limited-3ba48af3

## Summary

### Background

Vishnu Traders, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dee Cee Coal Carriers Pvt. Ltd., the corporate debtor, due to unpaid operational debt.

## Facts

Vishnu Traders, an operational creditor, supplied biochemical products to Dee Cee Coal Carriers Pvt. Ltd. since 2021.

The operational debt claimed is Rs. 38,954,353.28 as on 31.05.2024, including a principal amount of Rs. 27,130,845 and interest of Rs. 11,823,508.28.

The default commenced from 15.11.2021 and continued up to 15.04.2022.

A demand notice under Section 8 of the IBC was issued on 04.06.2024, but no reply or notice of dispute was received from the corporate debtor.

The Adjudicating Authority directed the applicant to issue notice to the respondent, and the operational creditor served the respondent through email, speed post, and publication.

The Corporate Debtor was set as ex-parte vide order dated 30.05.2025.

## Issues and analysis

### Issue 1: Whether the amount claimed by the Operational Creditor falls under the ambit of ‘Operational Debt' …

**Ratio:** The 'Operational Debt' is defined as “A claim in respect of the provision of goods or

…

**Reasoning:** The Operational Creditor sold certain goods to the Corporate Debtor for which invoices

…

**Interpretation:** The Adjudicating Authority interpreted Section 5(21) to include debts arising

…

**Application:** The Adjudicating Authority applied the definition of 'Operational Debt' to the

…

## Parties

- **Judges:** MAHENDRA KHANDELWA…; Anu Jagmoha…
- **Appellants:** Vishnu Tr…; Arjun…; +3 more
- **Respondents:** Dee Cee Coal…
- **Other parties:** Satya Prakash…
- **Advocates:** Arjun…; Shreyan…; +2 more

## Timeline

- **2024-06-04 — Demand Notice…**: A statutory Demand Notice under Section 8 of the IBC was issued demanding payment of the…
- **2024-07-17 — Petition…**: The present petition was filed under Section 9 of the Insolvency and Bankruptcy Code,…

## 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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