The case originates from a petition filed by Movies N More (India) Private Limited, the Operational Creditor, against VNV Productions Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor claimed an outstanding operational debt of ₹27,91,13,471/-. The background involves multiple Memoranda of Understanding (MoUs) between the parties for the production of movies, where the Petitioner agreed to fund the Respondent Company. The Petitioner advanced ₹4.5 crores to the Respondent under these MoUs. Subsequently, another MoU acknowledged an increased principal amount along with interest. The Corporate Debtor issued post-dated cheques, which were later dishonored. A Deed of Confirmation acknowledged a debt

The case originates from a petition filed by Movies N More (India) Private Limited, the Operational Creditor, against VNV Productions Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor claimed an outstanding operational debt of ₹27,91,13,471/-. The background involves multiple Memoranda of Understanding (MoUs) between the parties for the production of movies, where the Petitioner agreed to fund the Respondent Company. The Petitioner advanced ₹4.5 crores to the Respondent under these MoUs. Subsequently, another MoU acknowledged an increased principal amount along with interest. The Corporate Debtor issued post-dated cheques, which were later dishonored. A Deed of Confirmation acknowledged a debt