M/s OM Logistics Ltd. (Operational Creditor) provided transportation services to M/s Brajkon Organics Pvt. Ltd. (Corporate Debtor). Invoices were raised for these services. The Corporate Debtor failed to make payments against these invoices. The outstanding principal amount was Rs. 10,84,357/-. Including interest at 24%, the total outstanding was Rs. 14,13,051/-. The Operational Creditor sent a demand notice on 2019-05-27 for Rs. 10,84,357/-, which the Corporate Debtor received but did not respond to or pay. The Operational Creditor then filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor remained ex parte despite receiving notice of the application.

M/s OM Logistics Ltd. (Operational Creditor) provided transportation services to M/s Brajkon Organics Pvt. Ltd. (Corporate Debtor). Invoices were raised for these services. The Corporate Debtor failed to make payments against these invoices. The outstanding principal amount was Rs. 10,84,357/-. Including interest at 24%, the total outstanding was Rs. 14,13,051/-. The Operational Creditor sent a demand notice on 2019-05-27 for Rs. 10,84,357/-, which the Corporate Debtor received but did not respond to or pay. The Operational Creditor then filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor remained ex parte despite receiving notice of the application.