North Agro Industries Private Limited, the Operational Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Mahindra and Mahindra Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The total amount of debt claimed was Rs. 3,77,95,546. The Operational Creditor is in the business of supplying machinery, like combine harvesters and tractors. The Corporate Debtor regularly placed orders and purchased machinery from the Operational Creditor. The Corporate Debtor used to place orders with the Operational Creditor, who would then supply the machinery directly to the dealers of the Corporate Debtors. Upon delivery, the Corporate Debtor was liable to release

North Agro Industries Private Limited, the Operational Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Mahindra and Mahindra Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The total amount of debt claimed was Rs. 3,77,95,546. The Operational Creditor is in the business of supplying machinery, like combine harvesters and tractors. The Corporate Debtor regularly placed orders and purchased machinery from the Operational Creditor. The Corporate Debtor used to place orders with the Operational Creditor, who would then supply the machinery directly to the dealers of the Corporate Debtors. Upon delivery, the Corporate Debtor was liable to release