M/s Prompt Enterprises Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s AGM Auto Private Limited, the corporate debtor, due to unpaid operational debt. The operational creditor supplied goods to the corporate debtor, and a running account was maintained. The corporate debtor admitted to an outstanding amount but there were discrepancies in the accounts. The petitioner issued a demand notice, and the corporate debtor made partial payments but failed to clear the entire outstanding amount. The Adjudicating Authority considered whether the demand notice was properly served, whether the operational debt was disputed, and whether

M/s Prompt Enterprises Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s AGM Auto Private Limited, the corporate debtor, due to unpaid operational debt. The operational creditor supplied goods to the corporate debtor, and a running account was maintained. The corporate debtor admitted to an outstanding amount but there were discrepancies in the accounts. The petitioner issued a demand notice, and the corporate debtor made partial payments but failed to clear the entire outstanding amount. The Adjudicating Authority considered whether the demand notice was properly served, whether the operational debt was disputed, and whether