# In the matter of SIWON AGRI PRIVATE LIMITED

> NCLT judgment dated 2025-05-09. Citation: TCN-2025-NCLT-01073. M/s Bajrang Devcon Private Limited, an Operational Creditor, filed a Company Petition under…

- **Court:** NCLT
- **Order date:** 9 May 2025
- **Citation:** TCN-2025-NCLT-01073
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/siwon-agri-private-limited-0fdc0089

## Summary

### Background

M/s Bajrang Devcon Private Limited, an Operational Creditor, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Siwon Agri Private Limited, the Corporate Debtor, for initiation of Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt.

## Facts

M/s Bajrang Devcon Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Siwon Agri Private Limited.

The Operational Creditor, M/s Bajrang Devcon Private Limited, supplied Guar Churi to the Corporate Debtor, M/s Siwon Agri Private Limited.

The date of default is stated to be on 31.03.2023.

The total amount claimed in default is Rupees 1,03,40,335/-.

The Corporate Debtor failed to pay the outstanding dues despite a demand notice dated 21.08.2023.

The Corporate Debtor raised the issue of the quality of goods for the first time in its reply dated 04.06.2024.

The Adjudicating Authority found that the Corporate Debtor did not respond to the demand notice within the stipulated time.

…

## Issues and analysis

### Issue 1: Whether the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, should be …

**Ratio:** The application under Section 9 can be admitted if the applicant has complied with the

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**Reasoning:** The Adjudicating Authority found that the applicant had complied with the requirements of

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**Interpretation:** Section 9 of the Insolvency and Bankruptcy Code, 2016, provides for the

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**Application:** The application under Section 9 was admitted, and CIRP was initiated against

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHAT…
- **Appellants:** M/s Bajrang…
- **Respondents:** M/s Siwon Agri…
- **Other parties:** Preeti Ch…
- **Advocates:** Adv Shivani…; Adv Sushil…; +2 more

## Timeline

- **2023-03-31 — Date of D…**: The date of default is…
- **2023-08-21 — Demand N…**: Demand notice dated 21.08.2023 was…

## 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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