Federal Bank Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Feedback Infra Private Limited, the corporate debtor. The financial creditor had provided various credit facilities, including term loans and cash credit facilities, to the corporate debtor. The corporate debtor also executed a corporate guarantee in favor of the applicant to facilitate the principal borrower, M/s Feedback Energy Distribution Company Ltd., to secure loans from the applicant. The corporate debtor defaulted in repayment of the credit facilities availed from the financial creditor. The financial creditor issued a demand notice under Section 13(2)

Federal Bank Limited, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Feedback Infra Private Limited, the corporate debtor. The financial creditor had provided various credit facilities, including term loans and cash credit facilities, to the corporate debtor. The corporate debtor also executed a corporate guarantee in favor of the applicant to facilitate the principal borrower, M/s Feedback Energy Distribution Company Ltd., to secure loans from the applicant. The corporate debtor defaulted in repayment of the credit facilities availed from the financial creditor. The financial creditor issued a demand notice under Section 13(2)