M. M. Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against White Rose Properties Pvt. Ltd.

The operational debt claimed was Rs. 17,63,481/-, with the date of default stated as 21.10.2017.

The corporate debtor claimed deficiencies in services provided by the operational creditor and alleged fraudulent VAT collection.

The corporate debtor issued post-dated cheques towards payment, some of which were cleared, while others bounced with the remark 'payment stop by the drawer'.

The operational creditor sent a notice under Section 8 of the IBC to the corporate debtor, demanding payment of the outstanding amount.

M. M. Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against White Rose Properties Pvt. Ltd.

The operational debt claimed was Rs. 17,63,481/-, with the date of default stated as 21.10.2017.

The corporate debtor claimed deficiencies in services provided by the operational creditor and alleged fraudulent VAT collection.

The corporate debtor issued post-dated cheques towards payment, some of which were cleared, while others bounced with the remark 'payment stop by the drawer'.

The operational creditor sent a notice under Section 8 of the IBC to the corporate debtor, demanding payment of the outstanding amount.