State Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Reliable Cashew Company Private Ltd, the Corporate Debtor, due to default in repayment of financial facilities. The Corporate Debtor had availed various credit facilities from the Applicant/Financial Creditor, creating security interests in favor of the Applicant. The account was classified as NPA on 07.10.2021. Despite requests, the Corporate Debtor failed to repay the outstanding dues. The Financial Creditor issued a notice under Section 13(2) of the SARFAESI Act, calling upon the Corporate Debtor to discharge its liabilities. The Corporate Debtor failed to pay the dues, leading to the filing of this

State Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Reliable Cashew Company Private Ltd, the Corporate Debtor, due to default in repayment of financial facilities. The Corporate Debtor had availed various credit facilities from the Applicant/Financial Creditor, creating security interests in favor of the Applicant. The account was classified as NPA on 07.10.2021. Despite requests, the Corporate Debtor failed to repay the outstanding dues. The Financial Creditor issued a notice under Section 13(2) of the SARFAESI Act, calling upon the Corporate Debtor to discharge its liabilities. The Corporate Debtor failed to pay the dues, leading to the filing of this