Top India Logistics, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against RNGLAB (India) Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 2,50,00,000/-, with the date of default being August 22, 2021. The application was filed on May 31, 2022. The Operational Creditor, engaged in warehousing and logistics, entered into a Warehousing & Logistics Partner Agreement with the Corporate Debtor on May 27, 2021. Under this agreement, Top India Logistics was appointed as a clearing and forwarding agent for Maharashtra to distribute and store the Corporate Debtor's product 'Co-Wise'. The Corporate

Top India Logistics, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against RNGLAB (India) Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 2,50,00,000/-, with the date of default being August 22, 2021. The application was filed on May 31, 2022. The Operational Creditor, engaged in warehousing and logistics, entered into a Warehousing & Logistics Partner Agreement with the Corporate Debtor on May 27, 2021. Under this agreement, Top India Logistics was appointed as a clearing and forwarding agent for Maharashtra to distribute and store the Corporate Debtor's product 'Co-Wise'. The Corporate