The case pertains to an application filed by M/s DMS Petrochemical Private Limited, the Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Applicant stated that it had been advanced various financial facilities by Jammu & Kashmir Bank Limited, but due to multiple factors, including a bad and delayed under-financing pattern and factors related to militancy and disturbance in the state, its account was declared NPA. The Corporate Applicant also detailed its financial status, including secured and unsecured creditors, and operational creditors. The Corporate Applicant had also approached the High Court of Jammu and Kashmir, which ordered the restoration of

The case pertains to an application filed by M/s DMS Petrochemical Private Limited, the Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Applicant stated that it had been advanced various financial facilities by Jammu & Kashmir Bank Limited, but due to multiple factors, including a bad and delayed under-financing pattern and factors related to militancy and disturbance in the state, its account was declared NPA. The Corporate Applicant also detailed its financial status, including secured and unsecured creditors, and operational creditors. The Corporate Applicant had also approached the High Court of Jammu and Kashmir, which ordered the restoration of