M/s Harindera Cargo Carriers Pvt. Ltd (Operational Creditor) filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Aster Building Solutions Pvt. Ltd (Corporate Debtor). The Operational Creditor transported goods for the Corporate Debtor based on an understanding between the parties. The Operational Creditor sent an enquiry letter via email to confirm the rates, and after the rates were agreed upon, invoices were raised with consignment notes indicating receipt of the material. While the standard credit term was 15 days, the Operational Creditor allowed 90 days due to a longstanding relationship. However, the Corporate Debtor failed to pay the outstanding amount for invoices raised during the financial year 2016-17. The

M/s Harindera Cargo Carriers Pvt. Ltd (Operational Creditor) filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Aster Building Solutions Pvt. Ltd (Corporate Debtor). The Operational Creditor transported goods for the Corporate Debtor based on an understanding between the parties. The Operational Creditor sent an enquiry letter via email to confirm the rates, and after the rates were agreed upon, invoices were raised with consignment notes indicating receipt of the material. While the standard credit term was 15 days, the Operational Creditor allowed 90 days due to a longstanding relationship. However, the Corporate Debtor failed to pay the outstanding amount for invoices raised during the financial year 2016-17. The