The case pertains to an application filed by Small Industries Development Bank of India (SIDBI) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against Alumass Private Limited due to a default in repayment of loans. SIDBI, acting as the financial creditor, claimed a default amount of Rs. 1,02,33,203/-. Alumass Private Limited, formerly known as Tirupati Balaji Extrusion Private Limited, is the corporate debtor. SIDBI had granted loan facilities to Alumass, including a RCF subordinated loan and a FITL loan. The loans were intended to support Alumass's working capital and provide relief during the Covid-19 moratorium. Despite these facilities, Alumass defaulted on repayments, leading SIDBI

The case pertains to an application filed by Small Industries Development Bank of India (SIDBI) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against Alumass Private Limited due to a default in repayment of loans. SIDBI, acting as the financial creditor, claimed a default amount of Rs. 1,02,33,203/-. Alumass Private Limited, formerly known as Tirupati Balaji Extrusion Private Limited, is the corporate debtor. SIDBI had granted loan facilities to Alumass, including a RCF subordinated loan and a FITL loan. The loans were intended to support Alumass's working capital and provide relief during the Covid-19 moratorium. Despite these facilities, Alumass defaulted on repayments, leading SIDBI