Beli Sharma and Company (the Petitioner) filed a petition against AVK Automall Private Limited (the Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Petitioner claimed that the Corporate Debtor defaulted on a payment of Rs. 1,19,700/- due on 24.09.2015. This amount was related to an invoice dated 24.08.2015 for professional services rendered by the Petitioner to the Corporate Debtor. The Petitioner issued a demand notice under Section 8 of the Code on 03.04.2018, but received no reply from the Corporate Debtor. The Respondent's counsel admitted the debt and default and did not object to the admission of the petition. The petitioner also filed an affidavit stating that no communication has been received from the Corporate Debtor

Beli Sharma and Company (the Petitioner) filed a petition against AVK Automall Private Limited (the Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Petitioner claimed that the Corporate Debtor defaulted on a payment of Rs. 1,19,700/- due on 24.09.2015. This amount was related to an invoice dated 24.08.2015 for professional services rendered by the Petitioner to the Corporate Debtor. The Petitioner issued a demand notice under Section 8 of the Code on 03.04.2018, but received no reply from the Corporate Debtor. The Respondent's counsel admitted the debt and default and did not object to the admission of the petition. The petitioner also filed an affidavit stating that no communication has been received from the Corporate Debtor