Mr. Abdul Wajid PM, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. P&G ENTERPRISES PVT LTD, the Corporate Debtor, for a debt of INR 1,57,61,249/-. This amount includes a principal sum of INR 1,01,56,233/-, 'C' Form charges of INR 1,29,518.04/-, and interest of INR 53,92,853. The debt arose from the supply of finished leather materials and tanning job work. The Corporate Debtor claimed that the application did not fulfill the requirements for dispute adjudication under the IBC, that the amount did not qualify as 'Debt', and that the claim was barred by law. The Corporate Debtor also alleged that 15 invoices had already been paid and

Mr. Abdul Wajid PM, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. P&G ENTERPRISES PVT LTD, the Corporate Debtor, for a debt of INR 1,57,61,249/-. This amount includes a principal sum of INR 1,01,56,233/-, 'C' Form charges of INR 1,29,518.04/-, and interest of INR 53,92,853. The debt arose from the supply of finished leather materials and tanning job work. The Corporate Debtor claimed that the application did not fulfill the requirements for dispute adjudication under the IBC, that the amount did not qualify as 'Debt', and that the claim was barred by law. The Corporate Debtor also alleged that 15 invoices had already been paid and