Gajendra Investment Limited, the Financial Creditor, filed a Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process ( CIRP ) against Rushabh Civil Contractor Private Limited, the Corporate Debtor. The Corporate Debtor is a private company incorporated on May 7, 2008, under the Companies Act, 1956, with its registered office in Mumbai, granting the Mumbai Bench jurisdiction over the petition. The Financial Creditor advanced Rs.3,77,00,000/- to the Corporate Debtor on September 14, 2016. The Corporate Debtor provided a confirmation of accounts dated April 15, 2017, to the Financial Creditor. The Corporate Debtor failed to pay the promised interest amount and only deposited a partial TDS amount of

Gajendra Investment Limited, the Financial Creditor, filed a Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process ( CIRP ) against Rushabh Civil Contractor Private Limited, the Corporate Debtor. The Corporate Debtor is a private company incorporated on May 7, 2008, under the Companies Act, 1956, with its registered office in Mumbai, granting the Mumbai Bench jurisdiction over the petition. The Financial Creditor advanced Rs.3,77,00,000/- to the Corporate Debtor on September 14, 2016. The Corporate Debtor provided a confirmation of accounts dated April 15, 2017, to the Financial Creditor. The Corporate Debtor failed to pay the promised interest amount and only deposited a partial TDS amount of