M/s Suntech Infra Solutions Pvt. Ltd. (the Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (the Code) to initiate corporate insolvency resolution process (CIRP) against M/s Shri Balaji Infradevelopers Pvt. Ltd. (the Respondent) for alleged default in settling an amount of Rs. 39,11,176/-, including interest, for construction activities. The Applicant is a company involved in construction. The Respondent issued a work order/LOI for piling work at project sites in Agra. The Applicant raised invoices, but the Respondent allegedly failed to clear them. The Respondent acknowledged the debt but failed to make payments. The Applicant sent demand notices, and the Respondent replied, raising objections. The Respondent claimed to be a

M/s Suntech Infra Solutions Pvt. Ltd. (the Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (the Code) to initiate corporate insolvency resolution process (CIRP) against M/s Shri Balaji Infradevelopers Pvt. Ltd. (the Respondent) for alleged default in settling an amount of Rs. 39,11,176/-, including interest, for construction activities. The Applicant is a company involved in construction. The Respondent issued a work order/LOI for piling work at project sites in Agra. The Applicant raised invoices, but the Respondent allegedly failed to clear them. The Respondent acknowledged the debt but failed to make payments. The Applicant sent demand notices, and the Respondent replied, raising objections. The Respondent claimed to be a