# In the matter of White Rose Properties Pvt. Ltd.

> NCLT judgment dated 2025-03-04. Citation: TCN-2025-NCLT-01093. M. M. Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency…

- **Court:** NCLT
- **Order date:** 4 Mar 2025
- **Citation:** TCN-2025-NCLT-01093
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/white-rose-properties-pvt-ltd-52a40a14

## Summary

### Background

M. M. Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against White Rose Properties Pvt. Ltd., the corporate debtor, due to unpaid operational debt.

## Facts

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.

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## Issues and analysis

### Issue 1: Whether there is a pre-existing dispute between the …

**Ratio:** The Adjudicating Authority must reject the application under Section 9(5)(2)(d) if notice

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**Reasoning:** The corporate debtor claimed deficiencies in services and alleged fraudulent VAT

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**Interpretation:** The existence of a dispute must be genuine and not a mere moonshine defence

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**Application:** In this case, the Adjudicating Authority held that the corporate debtor's

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## Parties

- **Judges:** V. G. Bisht…; SH. PRABHAT…
- **Appellants:** M. M. Enter…
- **Respondents:** White Rose…
- **Other parties:** Paresh C.…
- **Advocates:** Smit…; Asadullah…

## Timeline

- **2017-10-21 — Date of D…**: The date of default is…
- **2019-04-26 — Demand N…**: On 26.04.2019 the Operational Creditor through their Attorney sent a notice u/s 8 of I B…

## 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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