The case involves a petition filed by State Bank of India (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/S. S.R. Worth Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had availed credit facilities from the Financial Creditor since 2008, with the last sanction on March 28, 2014, for Rs. 5720 Lacs. The Corporate Debtor defaulted on repayments from March 31, 2014, leading to irregular loan accounts. A demand notice was issued on February 9, 2015, for Rs. 56,52,54,407.45. The Corporate Debtor acknowledged the default in its balance sheets for the years ending March 31, 2016, 2018, 2020, and 2021. The Debts Recovery Tribunal-1, Kolkata, passed a money decree in favor

The case involves a petition filed by State Bank of India (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/S. S.R. Worth Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor had availed credit facilities from the Financial Creditor since 2008, with the last sanction on March 28, 2014, for Rs. 5720 Lacs. The Corporate Debtor defaulted on repayments from March 31, 2014, leading to irregular loan accounts. A demand notice was issued on February 9, 2015, for Rs. 56,52,54,407.45. The Corporate Debtor acknowledged the default in its balance sheets for the years ending March 31, 2016, 2018, 2020, and 2021. The Debts Recovery Tribunal-1, Kolkata, passed a money decree in favor