Indostar Capital Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against CCR Logistics Private Limited, the Corporate Debtor. The application was based on an alleged default in repayment of outstanding loans. The Financial Creditor claimed that the Corporate Debtor had defaulted on a total debt of Rs. 31,27,47,528/-, including principal and interest. The Corporate Debtor contested the application, arguing that the date of default was wrongly determined and that the application was not maintainable under Section 10A of the Code, which prohibits CIRP for defaults occurring during the COVID-19 pandemic period. The Corporate Debtor also raised objections

Indostar Capital Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against CCR Logistics Private Limited, the Corporate Debtor. The application was based on an alleged default in repayment of outstanding loans. The Financial Creditor claimed that the Corporate Debtor had defaulted on a total debt of Rs. 31,27,47,528/-, including principal and interest. The Corporate Debtor contested the application, arguing that the date of default was wrongly determined and that the application was not maintainable under Section 10A of the Code, which prohibits CIRP for defaults occurring during the COVID-19 pandemic period. The Corporate Debtor also raised objections