# In the matter of White Water Hospitality Private Limited

> NCLT judgment dated 2026-04-09. Citation: TCN-2026-NCLT-00362. V.I.R. Foods Limited, a Financial Creditor, initiated CIRP against White Water Hospitality…

- **Court:** NCLT
- **Order date:** 9 Apr 2026
- **Citation:** TCN-2026-NCLT-00362
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/white-water-hospitality-private-limited-e06a2520

## Summary

### Background

V.I.R. Foods Limited, a Financial Creditor, initiated CIRP against White Water Hospitality Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 21.11.2019, and Madan Gopal Jindal was appointed as the Interim Resolution Professional (IRP).

## Facts

V.I.R. Foods Limited initiated CIRP against White Water Hospitality Private Limited under Section 7 of IBC.

The CIRP admission order was dated 21.11.2019.

Madan Gopal Jindal was appointed as the Interim Resolution Professional (IRP).

The CIRP admission order was set aside by the NCLAT on 17.08.2023.

The CoC included V.I.R Foods Limited, Bharat Food And Agro Products, and Kamal Kant Dewan.

The NCLAT directed V.I.R Foods Ltd to pay the dues of RP for the CIRP period.

The Corporate Debtor admitted its liability to pay the financial debt of Respondent No.1 before the Hon'ble Supreme Court.

The Hon'ble Supreme Court set aside both the judgements of NCLAT and NCLT by order dated 12.12.2023 pursuant to the settlement being done by the CD and the Respondent No.1.

## Issues and analysis

### Issue 1: Whether the initiating Financial Creditor is liable to bear the CIRP costs when the CIRP admission …

**Ratio:** Once the admission of CIRP itself is set aside and the dispute is settled between the

…

**Reasoning:** The CIRP process did not culminate in resolution or liquidation, and a settlement was

…

**Interpretation:** The liability to bear the outstanding CIRP costs, including the approved fees

…

**Application:** V.I.R Foods Ltd, being the Applicant in CP(IB) No. 90/chd/chd/2018, is directed

…

## Parties

- **Judges:** KHETRABASI…; SHISHIR A…
- **Appellants:** Madan Gopal…; V.I.R. Food…
- **Respondents:** White Water…; V.I.R. FOODS…; +2 more
- **Advocates:** Nahush…; Munisha G…; +5 more

## Timeline

- **2019-11-21 — CIRP Admi…**: CIRP was admitted by…
- **2019-11-23 — Public Annou…**: IRP issued a public announcement in…

## 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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