# M/s Shoora vs. New Pearl Vitrified Pvt Ltd

> NCLT judgment dated 2026-06-02. Citation: TCN-2026-NCLT-00554. M/s Shoora, an Operational Creditor, filed a Section 9 IBC petition against M/s New Pearl…

- **Court:** NCLT
- **Order date:** 2 Jun 2026
- **Citation:** TCN-2026-NCLT-00554
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/ms-shoora-vs-new-pearl-vitrified-pvt-ltd-pda3c

## Summary

### Background

M/s Shoora, an Operational Creditor, filed a Section 9 IBC petition against M/s New Pearl Vitrified Private Limited, the Corporate Debtor, for an outstanding debt of Rs. 1,36,99,329/- (principal Rs. 1,01,37,908/- and interest Rs. 35,61,421/-). The debt arose from the supply of Soda Powder against 80 invoices between May and June 2023. The Corporate Debtor acknowledged the debt via email and made a partial payment of Rs. 3,00,000/- but failed to pay the remaining amount despite a demand notice.

## Facts

M/s Shoora, a partnership firm and Operational Creditor, filed a petition under Section 9 of IBC against M/s New Pearl Vitrified Private Limited, the Corporate Debtor.

The Operational Creditor is engaged in the business of manufacturing/trading/job work of engineered quartz stone/surface and/or marbles.

The Corporate Debtor was incorporated on 24.09.2010.

The Operational Creditor proposed Mr. Manish Santosh Buchasia as the Resolution Professional.

The total outstanding Debt claimed is Rs. 1,36,99,329/- out of which Rs. 1,01,37,908/- is towards the principal amount and Rs. 35,61,421/- is towards interest amount calculated @18% p.a. as on 31.05.2025.

The Date of Default is shown as 24.04.2025.

…

## Issues and analysis

### Issue 1: Whether the petition filed by M/s Shoora under …

**Ratio:** A Section 9 application is maintainable if there is an undisputed operational debt and a

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**Reasoning:** The Tribunal found that the applicant supplied goods, raised invoices, and the Corporate

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**Interpretation:** The existence of an operational debt and a default is established when goods

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**Application:** M/s Shoora supplied soda powder, raised 80 invoices, and the Corporate Debtor

…

## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** M/s Sh…
- **Respondents:** M/s New Pearl…; New Pearl…
- **Other parties:** CoC…; Manish Santosh…; +2 more
- **Advocates:** Jaimin…; Hirva…; +1 more

## Timeline

- **2010-09-24 — Corporate Debtor…**: M/s New Pearl Vitrified Private Limited…
- **2023-05-09 — Start of Good…**: Applicant (M/s Shoora) started supplying…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(21) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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