# In the matter of Roseland Buildtech Pvt. Ltd. vs. Vihaan 43 Reality Pvt. Ltd. and Ors.

> HC judgment dated 2026-01-05. Citation: TCN-2026-HC-00004. The plaintiff, Roseland Buildtech Pvt. Ltd., filed a suit against the defendants, including Vihaan…

- **Court:** HC
- **Order date:** 5 Jan 2026
- **Citation:** TCN-2026-HC-00004
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-new-delhi/roseland-buildtech-pvt-ltd-vs-vihaan-43-reality-pvt-ltd-and-ors-e7b6ebba

## Summary

### Background

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.

## Facts

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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## Issues and analysis

### Issue 1: Whether the present suit is barred by the provisions of the Insolvency and Bankruptcy Code (IBC), …

**Ratio:** Sections 63 and 231 of the IBC are ouster clauses that bar civil courts from entertaining

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**Reasoning:** The court reasoned that the scope of such ouster clauses is constrained by the breadth of

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**Interpretation:** The court interpreted that the NCLT has the power to adjudicate issues

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**Application:** The court applied this interpretation to the present case, finding that the

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## Parties

- **Judges:** Purushaindra…
- **Respondents:** Roseland Buildtech…; Vihaan 43 Reality…; +6 more
- **Advocates:** Tanmaya…; Palash S. S…; +12 more

## Timeline

- **2024-07-02 — Filing of Section 7…**: Defendant no. 1 filed a Section 7 petition before the NCLT for initiating CIRP against…
- **2025-02-21 — Filing of I.A. No.…**: The plaintiff filed I.A. No. 1012/2025 before the NCLT under Section 60(5) read with…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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