Mr. Pawan Garg, proprietor of M/s V.R. Trading Company, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s Sewa Steels Pvt. Ltd., the corporate debtor, for an alleged default in payment of operational dues.

Mr. Pawan Garg, proprietor of M/s V.R. Trading Company, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s Sewa Steels Pvt. Ltd., the corporate debtor, for an alleged default in payment of operational dues.