The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Atishey Jain, the legal heir of Lt. Sh. Kamal Kumar Jain, proprietor of Parash Nath Paper Udyog, against Saroha Printing and Packaging Private Limited, the corporate debtor. The operational creditor, Parash Nath Paper Udyog, had been a regular supplier of duplex board and folding box board to the corporate debtor since 1993. An agreement existed between the parties for payments to be made within 30 days of invoice raising, with an 18% p.a. interest clause for delays. Since 2014, the corporate debtor increased order volumes but began defaulting on timely payments, despite acknowledging the bills. The operational creditor raised invoices from 2017 to 2018. The corporate

The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Atishey Jain, the legal heir of Lt. Sh. Kamal Kumar Jain, proprietor of Parash Nath Paper Udyog, against Saroha Printing and Packaging Private Limited, the corporate debtor. The operational creditor, Parash Nath Paper Udyog, had been a regular supplier of duplex board and folding box board to the corporate debtor since 1993. An agreement existed between the parties for payments to be made within 30 days of invoice raising, with an 18% p.a. interest clause for delays. Since 2014, the corporate debtor increased order volumes but began defaulting on timely payments, despite acknowledging the bills. The operational creditor raised invoices from 2017 to 2018. The corporate