The Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Krishna Oils & Proteins Private Limited, the Corporate Debtor, due to default in repayment of term loans, EPC, and CC facilities. The Corporate Debtor was incorporated on 04/10/2006. The Corporate Debtor defaulted in payment, with the date of default being 02/08/2014. The Petitioner Bank claimed dues of Rs. 15,56,82,404.36 as of 01/03/2019. The Financial Creditor submitted various documents, including loan agreements, CIBIL reports, and ROC search reports, to substantiate its claim. The Corporate Debtor raised objections, alleging excessive interest, inadequate cash credit limit, and that

The Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Krishna Oils & Proteins Private Limited, the Corporate Debtor, due to default in repayment of term loans, EPC, and CC facilities. The Corporate Debtor was incorporated on 04/10/2006. The Corporate Debtor defaulted in payment, with the date of default being 02/08/2014. The Petitioner Bank claimed dues of Rs. 15,56,82,404.36 as of 01/03/2019. The Financial Creditor submitted various documents, including loan agreements, CIBIL reports, and ROC search reports, to substantiate its claim. The Corporate Debtor raised objections, alleging excessive interest, inadequate cash credit limit, and that