Pankaj Modani, an operational creditor, filed a Company Petition under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against Big Vision Water Tech Private Limited, the corporate debtor. The petition was filed on June 7, 2019, alleging that the corporate debtor failed to pay a principal sum of ₹1,29,000.00 and interest of ₹11,682.00, with the date of default stated as November 5, 2018. The total debt due and payable was ₹1,40,682.00. The operational creditor claimed to have raised invoices for professional compliance services provided in October 2018, granting a one-month credit period from the invoice date of October 5, 2018. A demand notice in Form 3 was served on the corporate debtor on

Pankaj Modani, an operational creditor, filed a Company Petition under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against Big Vision Water Tech Private Limited, the corporate debtor. The petition was filed on June 7, 2019, alleging that the corporate debtor failed to pay a principal sum of ₹1,29,000.00 and interest of ₹11,682.00, with the date of default stated as November 5, 2018. The total debt due and payable was ₹1,40,682.00. The operational creditor claimed to have raised invoices for professional compliance services provided in October 2018, granting a one-month credit period from the invoice date of October 5, 2018. A demand notice in Form 3 was served on the corporate debtor on