Kriyas Unipro Private Limited (Operational Creditor) filed a petition against BFIP Enterprises Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The Corporate Debtor is in the business of purchasing steam coal and selling it on a commission basis. The Corporate Debtor requested the Operational Creditor to supply steam coal and raised purchase orders. The Operational Creditor supplied steam coal from Indonesian origin, raising invoices from 2022-03-17 to 2022-05-24 for a total amount of Rs. 1,47,39,426/-. On 2022-03-23, the Corporate Debtor paid Rs. 28,00,000/- towards the purchase orders. The outstanding amount of Rs. 1,19,39,426/- remained unpaid. The Operational Creditor sent a demand notice on

Kriyas Unipro Private Limited (Operational Creditor) filed a petition against BFIP Enterprises Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The Corporate Debtor is in the business of purchasing steam coal and selling it on a commission basis. The Corporate Debtor requested the Operational Creditor to supply steam coal and raised purchase orders. The Operational Creditor supplied steam coal from Indonesian origin, raising invoices from 2022-03-17 to 2022-05-24 for a total amount of Rs. 1,47,39,426/-. On 2022-03-23, the Corporate Debtor paid Rs. 28,00,000/- towards the purchase orders. The outstanding amount of Rs. 1,19,39,426/- remained unpaid. The Operational Creditor sent a demand notice on