Byrnihat Coal Private Limited, the Corporate Debtor/Applicant, filed an application under Section 10 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against itself. The company was incorporated on March 4, 2005, and is registered as an MSME. The company's authorized share capital is Rs. 1,20,00,000, and the paid-up share capital is Rs. 1,17,85,000. The Corporate Applicant submitted that as of August 23, 2021, it had outstanding debts to various creditors, including Sharma & Sons Corporation, R.S.H Agro Products Limited, Naresh Kumar Harlalka, and Punjab National Bank. The Corporate Applicant faced financial distress due to a ban on coal mining imposed by the Hon'ble Supreme Court of India and the

Byrnihat Coal Private Limited, the Corporate Debtor/Applicant, filed an application under Section 10 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against itself. The company was incorporated on March 4, 2005, and is registered as an MSME. The company's authorized share capital is Rs. 1,20,00,000, and the paid-up share capital is Rs. 1,17,85,000. The Corporate Applicant submitted that as of August 23, 2021, it had outstanding debts to various creditors, including Sharma & Sons Corporation, R.S.H Agro Products Limited, Naresh Kumar Harlalka, and Punjab National Bank. The Corporate Applicant faced financial distress due to a ban on coal mining imposed by the Hon'ble Supreme Court of India and the