Vikas Shuttering Store Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Bhavaytech Infra Project Pvt. Ltd. (Corporate Debtor) for failing to pay an operational debt. The Operational Creditor is in the business of supplying scaffolding/shuttering materials on a rental basis. The Corporate Debtor approached the Operational Creditor for the supply of these materials at various sites. The Operational Creditor agreed to supply the materials at agreed rates, with payment due within 15 days of invoice presentation. From 2014 to 2019, the Operational Creditor raised invoices, but the Corporate Debtor failed to honor its full financial obligation despite making some payments. As of the application, Rs.

Vikas Shuttering Store Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Bhavaytech Infra Project Pvt. Ltd. (Corporate Debtor) for failing to pay an operational debt. The Operational Creditor is in the business of supplying scaffolding/shuttering materials on a rental basis. The Corporate Debtor approached the Operational Creditor for the supply of these materials at various sites. The Operational Creditor agreed to supply the materials at agreed rates, with payment due within 15 days of invoice presentation. From 2014 to 2019, the Operational Creditor raised invoices, but the Corporate Debtor failed to honor its full financial obligation despite making some payments. As of the application, Rs.