Ugro Capital Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Right Health Platter Private Limited, the Corporate Debtor. The Financial Creditor, Ugro Capital Limited, sought to admit the application, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The Corporate Debtor is engaged in the trading business of Food and Dairy Products. The Financial Creditor and the Corporate Debtor entered into a Facility Agreement dated 27.05.2023, under which the Financial Creditor granted a credit facility of Rs. 5,00,00,000/-. The Corporate Debtor failed to repay the outstanding amounts, leading to the Financial Creditor issuing a Loan Recall

Ugro Capital Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Right Health Platter Private Limited, the Corporate Debtor. The Financial Creditor, Ugro Capital Limited, sought to admit the application, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The Corporate Debtor is engaged in the trading business of Food and Dairy Products. The Financial Creditor and the Corporate Debtor entered into a Facility Agreement dated 27.05.2023, under which the Financial Creditor granted a credit facility of Rs. 5,00,00,000/-. The Corporate Debtor failed to repay the outstanding amounts, leading to the Financial Creditor issuing a Loan Recall