Adonis Electronics Pvt. Ltd., an operational creditor, engaged in the business of manufacturing and supplying air conditioners, supplied goods to Monica Electronics Limited, the corporate debtor, based on purchase orders. Invoices were raised between April 5, 2018, and September 24, 2018, totaling Rs. 12,79,320/-. Monica Electronics failed to make payments despite repeated reminders. Adonis Electronics issued a demand notice, which went unanswered. Monica Electronics acknowledged the liability but cited financial crises as the reason for non-payment. The outstanding liability exceeded Rs. 1 lakh, and there was no pre-existing dispute.

Adonis Electronics Pvt. Ltd., an operational creditor, engaged in the business of manufacturing and supplying air conditioners, supplied goods to Monica Electronics Limited, the corporate debtor, based on purchase orders. Invoices were raised between April 5, 2018, and September 24, 2018, totaling Rs. 12,79,320/-. Monica Electronics failed to make payments despite repeated reminders. Adonis Electronics issued a demand notice, which went unanswered. Monica Electronics acknowledged the liability but cited financial crises as the reason for non-payment. The outstanding liability exceeded Rs. 1 lakh, and there was no pre-existing dispute.