The Transport Corporation of India Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree R. N. Metals (India) Private Limited, citing non-payment of operational dues. The applicant, engaged in providing logistics services, claimed a default of Rs. 8,81,566/- along with interest. The corporate debtor, Shree R.N. Metals, is a private company incorporated under the Companies Act, 1956. The applicant provided transportation and logistics services to the respondent for their consignments of business products. The respondent placed various work orders from November 2010, against which the applicant raised invoices. 12 invoices amounting to Rs. 6,89,236/- remained unpaid.

The Transport Corporation of India Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree R. N. Metals (India) Private Limited, citing non-payment of operational dues. The applicant, engaged in providing logistics services, claimed a default of Rs. 8,81,566/- along with interest. The corporate debtor, Shree R.N. Metals, is a private company incorporated under the Companies Act, 1956. The applicant provided transportation and logistics services to the respondent for their consignments of business products. The respondent placed various work orders from November 2010, against which the applicant raised invoices. 12 invoices amounting to Rs. 6,89,236/- remained unpaid.