# In the matter of VANYA EDIBLE OILS & REFINERIES PRIVATE LIMITED

> NCLT judgment dated 2025-09-02. Citation: TCN-2025-NCLT-01333. M/s Pradyuman Overseas Limited filed an application under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 2 Sept 2025
- **Citation:** TCN-2025-NCLT-01333
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/vanya-edible-oils-refineries-private-limited-b4982bab

## Summary

### Background

M/s Pradyuman Overseas Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Vanya Edible Oils & Refineries Private Limited, claiming default in payment of operational debt.

## Facts

M/s Pradyuman Overseas Limited (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Vanya Edible Oils & Refineries Private Limited (Corporate Debtor/Respondent).

The total amount of default alleged is Rs. 1,15,01,373, which became due between 11.09.2023 and 03.10.2023.

The Corporate Debtor issued a cheque for Rs. 1,20,00,000, which was dishonored on 17.10.2024.

The Operational Creditor issued a demand notice on 17.10.2024 for default in payment.

The Corporate Debtor made a part payment of Rs. 5,00,000 on 25.10.2024.

…

## Issues and analysis

### Issue 1: Whether a mere debit note …

**Ratio:** A mere debit note does not

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**Reasoning:** The debit notes were allegedly raised six months after the supply of goods, were not

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**Interpretation:** The Adjudicating Authority relied on the law laid down in Writers &

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**Application:** The Corporate Debtor's defence of debit

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## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** Pradyuman…
- **Respondents:** Vanya Edible Oils…
- **Other parties:** Shailendra…
- **Advocates:** Shivam…; Ramya S.…; +4 more

## Timeline

- **2021-09-00 — Corporate Debtor's…**: The Corporate Debtor approached the Operational Creditor intimating its intention of…
- **2024-10-17 — Cheque Dish…**: Cheque bearing no.000478 presented on…

## 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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