M/s. Bhandari Metal Distributors, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Metlord Alloys Private Limited, the Corporate Debtor. The application was filed on September 16, 2023, alleging a total operational debt of Rs. 1,59,38,475/-, with the date of default being May 19, 2023. This amount includes Rs. 1,39,63,961/- as principal and Rs. 19,74,514/- as accrued interest at 18% per annum.

M/s. Bhandari Metal Distributors, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Metlord Alloys Private Limited, the Corporate Debtor. The application was filed on September 16, 2023, alleging a total operational debt of Rs. 1,59,38,475/-, with the date of default being May 19, 2023. This amount includes Rs. 1,39,63,961/- as principal and Rs. 19,74,514/- as accrued interest at 18% per annum.