# In the matter of DEE CEE COAL CARRIERS PRIVATE LIMITED

> NCLT judgment dated 2025-11-21. Citation: TCN-2025-NCLT-01694. Vishnu Traders, an operational creditor, filed a Section 9 application under the Insolvency and…

- **Court:** NCLT
- **Order date:** 21 Nov 2025
- **Citation:** TCN-2025-NCLT-01694
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/dee-cee-coal-carriers-private-limited-9ad48018

## Summary

### Background

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

## Facts

Vishnu Traders, the operational creditor, supplied biochemical products to Dee Cee Coal Carriers Pvt. Ltd., the corporate debtor, between October 2021 and March 2022.

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

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

The corporate debtor failed to make full payments for the supplies, leading to a default commencing from 15.11.2021 and continuing up to 15.04.2022.

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## Issues and analysis

### Issue 1: Whether the debt claimed by the operational creditor falls under the ambit of 'Operational Debt' as …

**Ratio:** Section 5(21) of the Insolvency and

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**Reasoning:** The Adjudicating Authority analyzed the definition of 'Operational Debt' and the facts

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

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**Application:** The Adjudicating Authority applied the definition to the present case, finding

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; Anu Jagmoha…
- **Appellants:** Vishnu Tr…; Ajay…
- **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…
- **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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