The application was filed on 20.03.2023 by Saheb Impex, an operational creditor, through its partner Raviraj Tapulal Aghara, against Camerich Papers Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The operational creditor sought to declare a moratorium due to the corporate debtor's default in payment of an operational debt amounting to Rs. 4,18,51,629.68, including interest. The applicant, Saheb Impex, was supplying waste papers to the respondent, Camerich Papers Pvt Ltd, between 03.09.2019 and 24.12.2022, based on an oral agreement. Despite repeated reminders,

The application was filed on 20.03.2023 by Saheb Impex, an operational creditor, through its partner Raviraj Tapulal Aghara, against Camerich Papers Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The operational creditor sought to declare a moratorium due to the corporate debtor's default in payment of an operational debt amounting to Rs. 4,18,51,629.68, including interest. The applicant, Saheb Impex, was supplying waste papers to the respondent, Camerich Papers Pvt Ltd, between 03.09.2019 and 24.12.2022, based on an oral agreement. Despite repeated reminders,