Indian Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against United Seamless Tubulaar Private Limited, the Corporate Debtor. The Financial Creditor had sanctioned various credit facilities to the Corporate Debtor, including OCC, Adhoc OCC, and Bank Guarantee. The total amount in default was Rs. 234,89,40,541.90 as of 30/09/2016. The Corporate Debtor failed to clear the outstanding amounts despite being aware of its repayment obligations. The Financial Creditor submitted that the application and all material documents were sent to the Corporate Debtor. The case was taken up for admission on 25/04/2017, and the Tribunal ordered notice to the Respondents, but no one appeared on

Indian Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against United Seamless Tubulaar Private Limited, the Corporate Debtor. The Financial Creditor had sanctioned various credit facilities to the Corporate Debtor, including OCC, Adhoc OCC, and Bank Guarantee. The total amount in default was Rs. 234,89,40,541.90 as of 30/09/2016. The Corporate Debtor failed to clear the outstanding amounts despite being aware of its repayment obligations. The Financial Creditor submitted that the application and all material documents were sent to the Corporate Debtor. The case was taken up for admission on 25/04/2017, and the Tribunal ordered notice to the Respondents, but no one appeared on