The present petition was filed by M/s D.R. International Pvt. Ltd. (Operational Creditor) 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, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. UM Autocomp Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor had approached them for the supply of various goods on credit, with agreed terms of payment including a 60-day credit period and 24% interest on overdue payments. The Operational Creditor subsequently raised invoices totaling Rs. 3,05,70,968/- for goods supplied and received by the Corporate Debtor. Despite partial payments of Rs.

The present petition was filed by M/s D.R. International Pvt. Ltd. (Operational Creditor) 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, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. UM Autocomp Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor had approached them for the supply of various goods on credit, with agreed terms of payment including a 60-day credit period and 24% interest on overdue payments. The Operational Creditor subsequently raised invoices totaling Rs. 3,05,70,968/- for goods supplied and received by the Corporate Debtor. Despite partial payments of Rs.