The case involves a petition filed by Stressed Assets Stabilization Fund, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Galada Power And Telecommunication Limited, the Corporate Debtor. The Corporate Debtor had approached IDBI for credit facilities to finance its business activities. IDBI granted three credit facilities: a Rupee Term Loan Facility, a Guarantee Assistance Facility, and a Debenture Subscription Facility. These loans, along with underlying security interests, were transferred by IDBI to the Financial Creditor via a registered transfer deed. The Corporate Debtor acknowledged the dues until 2016. The Financial

The case involves a petition filed by Stressed Assets Stabilization Fund, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Galada Power And Telecommunication Limited, the Corporate Debtor. The Corporate Debtor had approached IDBI for credit facilities to finance its business activities. IDBI granted three credit facilities: a Rupee Term Loan Facility, a Guarantee Assistance Facility, and a Debenture Subscription Facility. These loans, along with underlying security interests, were transferred by IDBI to the Financial Creditor via a registered transfer deed. The Corporate Debtor acknowledged the dues until 2016. The Financial