Gajendra Investment Private Limited, the Financial Creditor, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Bleu Noir Infrastructure Development Private Limited, the Corporate Debtor, alleging default in payment. The petition was filed before the Adjudicating Authority, claiming that the Corporate Debtor failed to pay Rs. 1,72,93,199/- to the Financial Creditor. The Financial Creditor claimed to have provided financial assistance to the Corporate Debtor, who also deposited TDS on interest on the loan with the Income Tax Department. The Financial Creditor issued a demand letter on 19.06.2019, which the Corporate Debtor did not respond to. The Board of

Gajendra Investment Private Limited, the Financial Creditor, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Bleu Noir Infrastructure Development Private Limited, the Corporate Debtor, alleging default in payment. The petition was filed before the Adjudicating Authority, claiming that the Corporate Debtor failed to pay Rs. 1,72,93,199/- to the Financial Creditor. The Financial Creditor claimed to have provided financial assistance to the Corporate Debtor, who also deposited TDS on interest on the loan with the Income Tax Department. The Financial Creditor issued a demand letter on 19.06.2019, which the Corporate Debtor did not respond to. The Board of