Ankit Kumar, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Advance Powerinfra Tech Limited, the Corporate Debtor. The basis for the application was the Corporate Debtor's failure to pay dues of Rs. 6 lakhs for professional charges. The Corporate Debtor acknowledged the default of Rs. 6 lakhs in an affidavit-in-reply. The Operational Creditor proposed Mr. Balaknath Bhattacharyya as the Interim Resolution Professional (IRP). The IRP also submitted a written communication dated 6th July, 2018, certifying that there were no disciplinary proceedings pending against him. The Corporate Debtor admitted the debt and its default.

Ankit Kumar, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Advance Powerinfra Tech Limited, the Corporate Debtor. The basis for the application was the Corporate Debtor's failure to pay dues of Rs. 6 lakhs for professional charges. The Corporate Debtor acknowledged the default of Rs. 6 lakhs in an affidavit-in-reply. The Operational Creditor proposed Mr. Balaknath Bhattacharyya as the Interim Resolution Professional (IRP). The IRP also submitted a written communication dated 6th July, 2018, certifying that there were no disciplinary proceedings pending against him. The Corporate Debtor admitted the debt and its default.