M/s. Sunflag Iron & Steel Company Limited (Applicant) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Omax Autos Limited (Respondent). The Applicant claimed an outstanding operational debt of Rs. 1,20,23,007/-, including interest, with the date of default being June 10, 2021. The Respondent, Omax Autos Limited, is a company incorporated on April 28, 1983, with its registered office in Gurugram, Haryana, falling within the territorial jurisdiction of the Tribunal. The Applicant asserted that the Respondent issued a Purchase Order for the

M/s. Sunflag Iron & Steel Company Limited (Applicant) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Omax Autos Limited (Respondent). The Applicant claimed an outstanding operational debt of Rs. 1,20,23,007/-, including interest, with the date of default being June 10, 2021. The Respondent, Omax Autos Limited, is a company incorporated on April 28, 1983, with its registered office in Gurugram, Haryana, falling within the territorial jurisdiction of the Tribunal. The Applicant asserted that the Respondent issued a Purchase Order for the