NLB Steels Private Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Pradeep Structural Development Private Ltd. (Corporate Debtor). The basis for the application was the Corporate Debtor's default in paying an operational debt of Rs. 24,49,058/-. The Corporate Debtor was served notice but did not appear. The Operational Creditor provided invoices showing the debt was due and payable, and evidence that a demand notice under Section 8 of the I&B Code was sent and received by the Corporate Debtor. The Corporate Debtor did not reply to the notice or pay the debt. The Operational Creditor also filed an affidavit stating they did not receive any

NLB Steels Private Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Pradeep Structural Development Private Ltd. (Corporate Debtor). The basis for the application was the Corporate Debtor's default in paying an operational debt of Rs. 24,49,058/-. The Corporate Debtor was served notice but did not appear. The Operational Creditor provided invoices showing the debt was due and payable, and evidence that a demand notice under Section 8 of the I&B Code was sent and received by the Corporate Debtor. The Corporate Debtor did not reply to the notice or pay the debt. The Operational Creditor also filed an affidavit stating they did not receive any