# In the matter of GARDENIA INDIA LIMITED

> NCLT judgment dated 2025-06-30. Citation: TCN-2025-NCLT-00759. Kuber Shree Construction Company, an operational creditor, filed an application under Section 9…

- **Court:** NCLT
- **Order date:** 30 Jun 2025
- **Citation:** TCN-2025-NCLT-00759
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/gardenia-india-limited-c627899e

## Summary

### Background

Kuber Shree Construction Company, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Gardenia India Limited, the corporate debtor, due to an alleged default of Rs. 1,28,07,911/-.

## Facts

Kuber Shree Construction Company is the Operational Creditor.

Gardenia India Limited is the Corporate Debtor.

The application was filed under Section 9 of the IBC, 2016.

The alleged default amount is Rs. 1,28,07,911/-.

The Corporate Debtor issued a work order dated 22.01.2023 to the Operational Creditor.

The Operational Creditor raised 21 invoices from 03.04.2023 to 15.07.2024 for a total amount of Rs. 1,13,62,244/-.

The Corporate Debtor failed to make any payment of the invoices.

The Operational Creditor issued a Demand Notice under Section 8 of the Code dated 18.10.2024.

The Corporate Debtor remitted Rs. 2 Lakhs on 25.10.2024.

The Corporate Debtor admitted to receiving 21 invoices and acknowledged the outstanding operational debt.

## Issues and analysis

### Issue 1: Whether the application under Section 9 of the IBC, 2016, is maintainable for initiating CIRP …

**Ratio:** The application is maintainable if the debt exceeds the threshold limit, there is a

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**Reasoning:** The Adjudicating Authority found that the debt exceeded the threshold limit, the

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**Interpretation:** Section 9 of the IBC allows an operational creditor to initiate CIRP against a

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**Application:** The Adjudicating Authority applied the provisions of Section 9 of the IBC and

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## Parties

- **Judges:** BACHU VENKAT…; Sanjeev R…
- **Appellants:** Kuber Shree…
- **Respondents:** Gardenia India…

## Timeline

- **2023-01-22 — Work Orde…**: Corporate Debtor issued a work…
- **2023-04-03 — Invoice Perio…**: Start date of the period during which the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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