The Operational Creditor, Mr. Ritesh Kumar (HUF), a registered Hindu Undivided Family, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Dalmia Life Care Private Limited, the Corporate Debtor. The application was filed due to an alleged default in clearing a debt of INR 2,23,02,000/-, which includes interest for delayed payments. The Operational Creditor is a joint owner, along with Signtech Construction Private Limited, of processing and packaging plant machinery and equipment, with a 50%-50% share. On September 5, 2019, a Tripartite Lease Agreement was executed between the Operational Creditor, Signtech, and the Corporate Debtor, granting lease rights for

The Operational Creditor, Mr. Ritesh Kumar (HUF), a registered Hindu Undivided Family, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Dalmia Life Care Private Limited, the Corporate Debtor. The application was filed due to an alleged default in clearing a debt of INR 2,23,02,000/-, which includes interest for delayed payments. The Operational Creditor is a joint owner, along with Signtech Construction Private Limited, of processing and packaging plant machinery and equipment, with a 50%-50% share. On September 5, 2019, a Tripartite Lease Agreement was executed between the Operational Creditor, Signtech, and the Corporate Debtor, granting lease rights for