NATIONAL COMPANY LAW TRIBUNAL NEW DELHI BENCH (COURT-II)

IN (IB)-540/ND/2023 IN THE MATTER OF:

Indospirit Distribution Limited Having registered office at :

B-230 Okhla Phase 1 Okhla Industrial Area New Delhi-110020 … Applicant/

Operational Creditor VERSUS Kristal Spirits India Private Limited Having registered office at :

JA814, 8^th Floor, DLF Tower A, Jasola District Center, New Delhi – 110025, … Respondent Corporate Debtor Section: 9 of IBC, 2016 Order Delivered on: 03.09.2025 CORAM:

SH. ASHOK KUMAR BHARDWAJ, HON’BLE MEMBER (J)

MS. REENA SINHA PURI, HON’BLE MEMBER (T)

PRESENT:

For the Applicant : Adv. Gaurav Mitra, Adv. Anand Shankar Jha, Adv. Sachin Mintri, Adv. Aarushi Mishra, Adv.

Abhilekh Tiwari For the Respondent : Adv Raj Singh Niranjan

ORDER

PER: MS. REENA SINHA PURI, MEMBER (T)

This Application is filed, by M/s Indospirit Distribution Limited (hereinafter referred as the Petitioner/ Operational Creditor/OC), against M/s Kristal Spirits India Private Limited (hereinafter referred as the Respondent/Corporate Debtor/CD), seeking initiation of CIRP, [Corporate Resolution Insolvency Process] under section 9 of IBC2. It is claimed by the OC that the CD has committed default in payment of o