Tanuja A Jain and Rekha S Jain filed an application under Section 7 of the IBC against DSC Motors Private Limited, claiming a debt of Rs.6,92,400/- including interest. The application was filed on October 3, 2019. The applicants provided Demand Promissory Notes dated 17.11.2017 as evidence. The Corporate Debtor made part payments via cheques between January and May 2018, totaling Rs.80,000/- to the 1st applicant and Rs.3,20,000/- to the 2nd applicant. The Corporate Debtor failed to appear despite being served notice via newspaper publication. The applicants are considered Financial Creditors who granted a loan to the respondent, establishing a financial debt and default.

Tanuja A Jain and Rekha S Jain filed an application under Section 7 of the IBC against DSC Motors Private Limited, claiming a debt of Rs.6,92,400/- including interest. The application was filed on October 3, 2019. The applicants provided Demand Promissory Notes dated 17.11.2017 as evidence. The Corporate Debtor made part payments via cheques between January and May 2018, totaling Rs.80,000/- to the 1st applicant and Rs.3,20,000/- to the 2nd applicant. The Corporate Debtor failed to appear despite being served notice via newspaper publication. The applicants are considered Financial Creditors who granted a loan to the respondent, establishing a financial debt and default.