M/s. Bhanadari Construction and Developers Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process against M/s. Furein Constructions Engineering Pvt. Ltd. The petition was based on the ground that the Corporate Debtor had committed a default for a total outstanding amount of Rs. 15,95,43,882.90, comprising a principal amount of Rs. 13,76,30,731. The Adjudicating Authority found deficiencies in the application, specifically regarding the date of default in Form V, and directed the applicant to file a revised form. The Operational Creditor and Corporate Debtor had entered into a labour contract on 21.12.2018 for work at the Corporate Debtor's project site. Disputes arose regarding

M/s. Bhanadari Construction and Developers Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process against M/s. Furein Constructions Engineering Pvt. Ltd. The petition was based on the ground that the Corporate Debtor had committed a default for a total outstanding amount of Rs. 15,95,43,882.90, comprising a principal amount of Rs. 13,76,30,731. The Adjudicating Authority found deficiencies in the application, specifically regarding the date of default in Form V, and directed the applicant to file a revised form. The Operational Creditor and Corporate Debtor had entered into a labour contract on 21.12.2018 for work at the Corporate Debtor's project site. Disputes arose regarding