The operational creditor filed an application for initiating insolvency proceedings against Sunshine Tiles Company Pvt Ltd. The amount in default was Rs. 23,35,179, which is below the threshold limit of rupees one crore specified in Section 4 of the IBC, as amended on 24.03.2020. The application was filed on 08.01.2021, which is after the date on which the threshold limit was revised. The NCLAT passed an order on 25.10.2021 in Company Appeal (AT) (Insolvency) No. 813 of 2021, which influenced the decision. A related Civil Appeal No. 7032/2021 was filed by Jumbo Paper Products Private Limited vs. Hansraj Agrofresh Private Limited before the Supreme Court.

The operational creditor filed an application for initiating insolvency proceedings against Sunshine Tiles Company Pvt Ltd. The amount in default was Rs. 23,35,179, which is below the threshold limit of rupees one crore specified in Section 4 of the IBC, as amended on 24.03.2020. The application was filed on 08.01.2021, which is after the date on which the threshold limit was revised. The NCLAT passed an order on 25.10.2021 in Company Appeal (AT) (Insolvency) No. 813 of 2021, which influenced the decision. A related Civil Appeal No. 7032/2021 was filed by Jumbo Paper Products Private Limited vs. Hansraj Agrofresh Private Limited before the Supreme Court.