# In the matter of Xrbia Warai Developers Private Limited

> NCLT judgment dated 2024-06-28. Citation: TCN-2024-NCLT-01112. The case originates from a petition filed under Section 9 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 28 Jun 2024
- **Citation:** TCN-2024-NCLT-01112
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/xrbia-warai-developers-private-limited-0cb92aff

## Summary

### Background

The case originates from a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Titan Contracting Services LLP (Operational Creditor/Applicant) against XRBIA Warai Developers Pvt. Ltd. (Corporate Debtor/Respondent) to initiate the Corporate Insolvency Resolution Process (CIRP). Titan Contracting Services LLP, originally Titan Builders & Developers Private Limited, later converted to Titan Builders & Developers LLP, and finally to its current name, is engaged in civil and building construction. XRBIA Warai Developers Pvt. Ltd., incorporated in 2013, is involved in building constructions and development. The Operational Creditor claims a total due of Rs. 1,49,26,160/-, with the date of default recorded as 10.06.2022.

## Facts

Titan Contracting Services LLP (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against XRBIA Warai Developers Pvt. Ltd. (Corporate Debtor) seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total due of Rs. 1,49,26,160/-, with the date of default being 10.06.2022. The Operational Creditor issued a 'Service Work Order' dated 01.03.2022 and raised invoices for work completed. The invoices included RA bill no: XWDPL/22-23/001 (Rs. 55,48,478/-), RA Bill no: XWDPL/22-23/002 (Rs. 46,52,032/-), and RA bill no: XWDPL/22-23/003 (Rs. 16,70,880/-). The Operational Creditor sent letters to the Corporate Debtor regarding non-payment of dues and issued a letter confirming the

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor is in default of a debt …

**Ratio:** Section 9 of the Insolvency and Bankruptcy Code, 2016, allows an operational creditor to

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**Reasoning:** The court examined the invoices, letters, and the Corporate Debtor's own admission of

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**Interpretation:** The court interpreted Section 9 of the IBC to mean that if an operational

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**Application:** The court applied the ratio to the facts by noting that the Operational

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## Parties

- **Judges:** V. G. Bisht…; SH. PRABHAT…
- **Appellants:** Titan Contracting…
- **Respondents:** XRBIA Warai…
- **Advocates:** Pratik P…; Jill Rod…

## Timeline

- **2013-01-01 — Incorporation of…**: XRBIA Warai Developers Pvt. Ltd. was…
- **2013-12-17 — Incorporation of…**: Titan Builders & Developers Private Limited was incorporated under the Companies Act,…

## 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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