The present application was filed by M/s Krita Engineering Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s A.N. Gaslines Projects Private Limited (Corporate Debtor). The Operational Creditor claimed a total outstanding operational debt of Rs. 2,53,79,019/- due to the Corporate Debtor's failure to pay. The first date of default was declared as October 17, 2018, with subsequent defaults on January 17, 2019, and February 11, 2019, as per a supplementary affidavit filed in compliance with an order dated October 8, 2024.

The present application was filed by M/s Krita Engineering Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s A.N. Gaslines Projects Private Limited (Corporate Debtor). The Operational Creditor claimed a total outstanding operational debt of Rs. 2,53,79,019/- due to the Corporate Debtor's failure to pay. The first date of default was declared as October 17, 2018, with subsequent defaults on January 17, 2019, and February 11, 2019, as per a supplementary affidavit filed in compliance with an order dated October 8, 2024.