J.D. (India) Corporation, the operational creditor, supplied ready-made garments to City Bzr Fashions & Retail Private Limited, the corporate debtor, on various dates. Invoices were issued and received by the corporate debtor, who made partial payments over time. An amount of Rs. 2,02,292/- remained due and payable as of 22/03/2016, aggregating to Rs. 2,63,267/- with interest at 18% until 20/11/2017. The corporate debtor issued two account payee cheques, one for Rs. 50,000/- dated 29/08/2017 and another for Rs. 52,922/- dated 15/09/2017, but both were dishonored due to insufficient funds. The operational creditor issued a demand notice on 06/12/2017, which was delivered on 14/12/2017. The corporate debtor did not respond to the notice or pay the outstanding amount.

J.D. (India) Corporation, the operational creditor, supplied ready-made garments to City Bzr Fashions & Retail Private Limited, the corporate debtor, on various dates. Invoices were issued and received by the corporate debtor, who made partial payments over time. An amount of Rs. 2,02,292/- remained due and payable as of 22/03/2016, aggregating to Rs. 2,63,267/- with interest at 18% until 20/11/2017. The corporate debtor issued two account payee cheques, one for Rs. 50,000/- dated 29/08/2017 and another for Rs. 52,922/- dated 15/09/2017, but both were dishonored due to insufficient funds. The operational creditor issued a demand notice on 06/12/2017, which was delivered on 14/12/2017. The corporate debtor did not respond to the notice or pay the outstanding amount.