The plaintiff, Roseland Buildtech Pvt. Ltd., filed a suit against the defendants, including Vihaan 43 Reality Pvt Ltd, CLE Private Limited, and others, being aggrieved by the initiation of corporate insolvency resolution process (CIRP) against it by defendant no. 1/financial creditor, Vihaan 43 Reality Pvt Ltd, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The plaintiff claims complete discharge of its obligations and asserts the absence of a legally enforceable debt.
Roseland Buildtech Pvt. Ltd. (plaintiff) filed a suit against Vihaan 43 Reality Pvt Ltd (defendant no. 1) and others, challenging the initiation of CIRP against it.
The plaintiff claims that it has fully discharged its obligations under a loan agreement dated 31.10.2006.
Defendant no. 1, Vihaan 43 Reality Pvt Ltd, initiated CIRP against the plaintiff under Section 7 of the IBC, alleging default in repayment of a loan assigned to it under a Business Transfer Agreement (BTA).
The plaintiff contends that the BTA is fraudulent, forged, void-ab-initio, and not binding upon it.
The plaintiff sought a declaration that the loan is fully discharged and that the BTA is null and void.
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Defendant no. 1 filed a Section 7 petition…
The plaintiff filed I.A. No. 1012/2025 before…
The plaintiff, Roseland Buildtech Pvt. Ltd., filed a suit against the defendants, including Vihaan 43 Reality Pvt Ltd, CLE Private Limited, and others, being aggrieved by the initiation of corporate insolvency resolution process (CIRP) against it by defendant no. 1/financial creditor, Vihaan 43 Reality Pvt Ltd, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The plaintiff claims complete discharge of its obligations and asserts the absence of a legally enforceable debt.
Roseland Buildtech Pvt. Ltd. (plaintiff) filed a suit against Vihaan 43 Reality Pvt Ltd (defendant no. 1) and others, challenging the initiation of CIRP against it.
The plaintiff claims that it has fully discharged its obligations under a loan agreement dated 31.10.2006.
Defendant no. 1, Vihaan 43 Reality Pvt Ltd, initiated CIRP against the plaintiff under Section 7 of the IBC, alleging default in repayment of a loan assigned to it under a Business Transfer Agreement (BTA).
The plaintiff contends that the BTA is fraudulent, forged, void-ab-initio, and not binding upon it.
The plaintiff sought a declaration that the loan is fully discharged and that the BTA is null and void.
…Defendant no. 1 filed a Section 7 petition…
The plaintiff filed I.A. No. 1012/2025 before…