Kadam Kirtibhai Patel, proprietor of Pearl Impex (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IB Code) to initiate the Corporate Insolvency Resolution Process (CIRP) against Map Oil LLP (Corporate Debtor). The default amount claimed was Rs. 1,49,20,054/-. The Corporate Debtor's registered office is in Ahmedabad, establishing the Adjudicating Authority's jurisdiction. The Corporate Debtor placed an order for cotton-seed oil, which the Operational Creditor supplied. Four invoices were raised for the goods, totaling Rs. 1,49,20,054/-, with payment due within 10 days from the invoice date, i.e., April 15, 2021. Despite numerous requests and reminders, the Corporate Debtor failed to pay the outstanding amount. On

Kadam Kirtibhai Patel, proprietor of Pearl Impex (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IB Code) to initiate the Corporate Insolvency Resolution Process (CIRP) against Map Oil LLP (Corporate Debtor). The default amount claimed was Rs. 1,49,20,054/-. The Corporate Debtor's registered office is in Ahmedabad, establishing the Adjudicating Authority's jurisdiction. The Corporate Debtor placed an order for cotton-seed oil, which the Operational Creditor supplied. Four invoices were raised for the goods, totaling Rs. 1,49,20,054/-, with payment due within 10 days from the invoice date, i.e., April 15, 2021. Despite numerous requests and reminders, the Corporate Debtor failed to pay the outstanding amount. On