M/s Burda Druck India Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( IBC, 2016 ) against M/s Snab Publishers Private Limited (Corporate Debtor). The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, alleging a default in payment of operational debt. The petition was filed in accordance with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Operational Creditor stated that it supplied goods, specifically IFB Microwave Books after printing, to the Corporate Debtor based on specific purchase orders. The total amount due from the Corporate Debtor was Rs. 19,09,000, as evidenced by invoices

M/s Burda Druck India Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( IBC, 2016 ) against M/s Snab Publishers Private Limited (Corporate Debtor). The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, alleging a default in payment of operational debt. The petition was filed in accordance with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Operational Creditor stated that it supplied goods, specifically IFB Microwave Books after printing, to the Corporate Debtor based on specific purchase orders. The total amount due from the Corporate Debtor was Rs. 19,09,000, as evidenced by invoices