The case involves an application filed by S.V.R. Nirman Products Inc (Operational Creditor) against Lahari Infra Projects India (P) Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to a default of Rs. 15,89,255. The default comprises Rs. 11,55,822 towards principal and Rs. 4,33,433 towards interest, arising from unpaid invoices for the manufacturing of cement blocks. The Operational Creditor claims that the Corporate Debtor failed to pay the invoices despite completing the work as per the agreed specifications. The Corporate Debtor denies the liability, claiming that the invoices were not certified by their Engineer In-charge and that they had already paid Rs.

The case involves an application filed by S.V.R. Nirman Products Inc (Operational Creditor) against Lahari Infra Projects India (P) Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to a default of Rs. 15,89,255. The default comprises Rs. 11,55,822 towards principal and Rs. 4,33,433 towards interest, arising from unpaid invoices for the manufacturing of cement blocks. The Operational Creditor claims that the Corporate Debtor failed to pay the invoices despite completing the work as per the agreed specifications. The Corporate Debtor denies the liability, claiming that the invoices were not certified by their Engineer In-charge and that they had already paid Rs.