Rose Flower Company (Papers) Pvt. Ltd., an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ransan Packaging Pvt. Ltd., the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the corporate debtor defaulted on payments for the supply of paper boards. The corporate debtor contested the application, alleging pre-existing disputes regarding the quality and pricing of the supplied goods, and also raised concerns about the NeSL certificate not being filed initially. The applicant argued that the corporate debtor never raised any quality issues and had even confirmed the ledger balance. The applicant also stated that the corporate debtor accepted the

Rose Flower Company (Papers) Pvt. Ltd., an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ransan Packaging Pvt. Ltd., the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the corporate debtor defaulted on payments for the supply of paper boards. The corporate debtor contested the application, alleging pre-existing disputes regarding the quality and pricing of the supplied goods, and also raised concerns about the NeSL certificate not being filed initially. The applicant argued that the corporate debtor never raised any quality issues and had even confirmed the ledger balance. The applicant also stated that the corporate debtor accepted the