Melange Systems Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) on July 11, 2020, to initiate Corporate Insolvency Resolution Process (CIRP) against PME Infratech Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 6,51,30,990/-, comprising a principal outstanding of Rs. 5,38,47,605/- and interest of Rs. 1,12,83,295/- at 18% until July 21, 2020. The debt fell due on various dates starting from December 4, 2018, with invoices due between January 18, 2019, and May 19, 2019. The Operational Creditor, a wireless networking company, supplied RF Modules to M/s Pal Mohan Electronics Pvt. Ltd. ("Pal Mohan") and the

Melange Systems Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) on July 11, 2020, to initiate Corporate Insolvency Resolution Process (CIRP) against PME Infratech Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 6,51,30,990/-, comprising a principal outstanding of Rs. 5,38,47,605/- and interest of Rs. 1,12,83,295/- at 18% until July 21, 2020. The debt fell due on various dates starting from December 4, 2018, with invoices due between January 18, 2019, and May 19, 2019. The Operational Creditor, a wireless networking company, supplied RF Modules to M/s Pal Mohan Electronics Pvt. Ltd. ("Pal Mohan") and the