Ganesh Ores Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Deepak Steel and Power Limited, the corporate debtor, for non-payment of dues related to the supply of coal. The operational creditor claimed that the corporate debtor failed to pay the outstanding balance of Rs. 63,25,464/- despite supplying 11000 MT of coal as per the purchase order dated 30.04.2013. The corporate debtor, however, contended that there was a pre-existing dispute regarding the quality and rate of the supplied coal, and that a full and final settlement had been reached on 15.07.2015. The corporate debtor also raised the plea of limitation, arguing that

Ganesh Ores Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Deepak Steel and Power Limited, the corporate debtor, for non-payment of dues related to the supply of coal. The operational creditor claimed that the corporate debtor failed to pay the outstanding balance of Rs. 63,25,464/- despite supplying 11000 MT of coal as per the purchase order dated 30.04.2013. The corporate debtor, however, contended that there was a pre-existing dispute regarding the quality and rate of the supplied coal, and that a full and final settlement had been reached on 15.07.2015. The corporate debtor also raised the plea of limitation, arguing that