Param Dairy Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Jhandewalas Foods Limited, the Corporate Debtor. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to alleged non-payment of operational dues totaling Rs. 3,86,77,404.54. This amount included a principal of Rs. 3,08,07,213/- and simple interest at 18% p.a. amounting to Rs. 78,70,191.54, calculated until December 14, 2022.

Param Dairy Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Jhandewalas Foods Limited, the Corporate Debtor. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to alleged non-payment of operational dues totaling Rs. 3,86,77,404.54. This amount included a principal of Rs. 3,08,07,213/- and simple interest at 18% p.a. amounting to Rs. 78,70,191.54, calculated until December 14, 2022.