Union Roadways Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Fernas Construction India Private Limited, the Corporate Debtor. The application was based on unpaid operational debt arising from the transportation of goods. Union Roadways claimed that Fernas Construction had hired their services for transporting goods from Delhi to various locations in India in 2011. Invoices raised for these services remained outstanding. Despite repeated requests, the outstanding amount was not paid. The Corporate Debtor acknowledged its liability of Rs 33,73,411/- in a letter dated 27.01.2015. However, after receiving Rs 15,81,363/-, a balance of Rs 17,92,048/-

Union Roadways Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Fernas Construction India Private Limited, the Corporate Debtor. The application was based on unpaid operational debt arising from the transportation of goods. Union Roadways claimed that Fernas Construction had hired their services for transporting goods from Delhi to various locations in India in 2011. Invoices raised for these services remained outstanding. Despite repeated requests, the outstanding amount was not paid. The Corporate Debtor acknowledged its liability of Rs 33,73,411/- in a letter dated 27.01.2015. However, after receiving Rs 15,81,363/-, a balance of Rs 17,92,048/-