Stepping Stone Financial Services Private Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Pacific Multi-Commodity Limited, the Corporate Debtor, for a default amount of Rs. 42,55,000/- due as of June 1, 2019. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor on January 2, 2020, and appointed Mr. Manoj Kumar Jain as the Interim Resolution Professional (IRP). The IRP made a public announcement for claims on January 7, 2020. Only one claim was received from the Financial Creditor, Stepping Stone Financial Services Private Limited, for Rs. 42,55,000/-, which constituted 100% of the voting share in the Committee of Creditors (CoC). In the

Stepping Stone Financial Services Private Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Pacific Multi-Commodity Limited, the Corporate Debtor, for a default amount of Rs. 42,55,000/- due as of June 1, 2019. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor on January 2, 2020, and appointed Mr. Manoj Kumar Jain as the Interim Resolution Professional (IRP). The IRP made a public announcement for claims on January 7, 2020. Only one claim was received from the Financial Creditor, Stepping Stone Financial Services Private Limited, for Rs. 42,55,000/-, which constituted 100% of the voting share in the Committee of Creditors (CoC). In the