Findoc Finvest Private Limited, the financial creditor, filed a company application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against AF Enterprises Limited, the corporate debtor. The application, filed on August 30, 2023, alleged a default of Rs. 2,44,19,528/- as of May 1, 2022. The financial creditor submitted a 'record of default' dated May 1, 2022, generated by NeSL, which indicated the corporate debtor's default under the loan agreement was 'deemed to be authenticated'.

Findoc Finvest Private Limited, the financial creditor, filed a company application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against AF Enterprises Limited, the corporate debtor. The application, filed on August 30, 2023, alleged a default of Rs. 2,44,19,528/- as of May 1, 2022. The financial creditor submitted a 'record of default' dated May 1, 2022, generated by NeSL, which indicated the corporate debtor's default under the loan agreement was 'deemed to be authenticated'.