ICICI Bank Limited, the financial creditor, granted loan facilities to Starlog Enterprises Limited, the corporate debtor. These facilities included a ₹230 million Rupee Term Loan facility (RTL Facility) and a ₹160 million Working Capital Term Loan Facility (WCTL Facility). The corporate debtor defaulted on repayments for both facilities. As of February 6, 2017, the defaulted amount for the RTL Facility was ₹9,99,01,103.62, and as of April 1, 2017, the defaulted amount for the WCTL Facility was ₹17,78,27,162.00, totaling ₹27,78,27,162.00. ICICI Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the corporate insolvency resolution process. The corporate debtor had acknowledged its indebtedness and sought an extension

ICICI Bank Limited, the financial creditor, granted loan facilities to Starlog Enterprises Limited, the corporate debtor. These facilities included a ₹230 million Rupee Term Loan facility (RTL Facility) and a ₹160 million Working Capital Term Loan Facility (WCTL Facility). The corporate debtor defaulted on repayments for both facilities. As of February 6, 2017, the defaulted amount for the RTL Facility was ₹9,99,01,103.62, and as of April 1, 2017, the defaulted amount for the WCTL Facility was ₹17,78,27,162.00, totaling ₹27,78,27,162.00. ICICI Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the corporate insolvency resolution process. The corporate debtor had acknowledged its indebtedness and sought an extension