The case involves an application filed by Shri Amit Kansal, proprietor of M/s. Amar Nath & Sons, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. R P Basmati Rice Limited, the corporate debtor. The operational creditor claimed that the corporate debtor defaulted in making payments for the supply of paddy. The corporate debtor was incorporated on 31.08.2001. The petitioner is a commission agent dealing in the sale and purchase of paddy, while the respondent is a Rice Mill and manufactures rice and allied products. In 2014, the respondent approached the petitioner for the supply of paddy, and the petitioner supplied paddy vide four invoices dated 12.10.2014, 16.10.2014 (two), and 17.10.2014, amounting to ₹4,06,492/-.

The case involves an application filed by Shri Amit Kansal, proprietor of M/s. Amar Nath & Sons, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. R P Basmati Rice Limited, the corporate debtor. The operational creditor claimed that the corporate debtor defaulted in making payments for the supply of paddy. The corporate debtor was incorporated on 31.08.2001. The petitioner is a commission agent dealing in the sale and purchase of paddy, while the respondent is a Rice Mill and manufactures rice and allied products. In 2014, the respondent approached the petitioner for the supply of paddy, and the petitioner supplied paddy vide four invoices dated 12.10.2014, 16.10.2014 (two), and 17.10.2014, amounting to ₹4,06,492/-.