Hempragati Vyapaar Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against JPM Exports Private Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process. The application was based on a loan of Rs. 25,00,000/- granted to the Corporate Debtor via an Inter-Corporate Deposit Agreement dated August 19, 2015, with disbursement on August 20, 2015. Mr. Ram Gopal Agarwal, a Director of the Financial Creditor, was authorized by a Board Resolution dated October 1, 2019, to submit the application. Defaults in repayment of the principal amount and interest led to a corrigendum to the original agreement on August 20, 2017. This corrigendum extended the loan term, stipulating

Hempragati Vyapaar Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against JPM Exports Private Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process. The application was based on a loan of Rs. 25,00,000/- granted to the Corporate Debtor via an Inter-Corporate Deposit Agreement dated August 19, 2015, with disbursement on August 20, 2015. Mr. Ram Gopal Agarwal, a Director of the Financial Creditor, was authorized by a Board Resolution dated October 1, 2019, to submit the application. Defaults in repayment of the principal amount and interest led to a corrigendum to the original agreement on August 20, 2017. This corrigendum extended the loan term, stipulating