Aviagen India Poultry Breeding Company Private Limited, the Operational Creditor/Petitioner, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Limited, the Corporate Debtor/Respondent. The Corporate Debtor approached the Operational Creditor in 2015 for the supply of poultry products, primarily parent stock chicks. The Operational Creditor supplied stock worth more than Rs. 4 Crores. In 2017-18, the Operational Creditor had to stop the supply due to the Corporate Debtor's default in making payments. The amount claimed to be in default is Rs. 2,60,97,973/-, consisting of a principal of INR 1,73,09,110/- coupled with interest of Rs.

Aviagen India Poultry Breeding Company Private Limited, the Operational Creditor/Petitioner, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Limited, the Corporate Debtor/Respondent. The Corporate Debtor approached the Operational Creditor in 2015 for the supply of poultry products, primarily parent stock chicks. The Operational Creditor supplied stock worth more than Rs. 4 Crores. In 2017-18, the Operational Creditor had to stop the supply due to the Corporate Debtor's default in making payments. The amount claimed to be in default is Rs. 2,60,97,973/-, consisting of a principal of INR 1,73,09,110/- coupled with interest of Rs.