Mr. Mujahid, proprietor of Moon Traders, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against UP Bone Mills Private Limited, the respondent. The respondent is a private limited company incorporated on 11.05.1999, engaged in manufacturing M. S. Ingots and billets. The applicant supplied iron scrap to the respondent based on purchase orders issued in February and March 2021. The total turnover during this period was Rs. 16,12,23,532/-. A payment of Rs.4,32,37,146/- was received by the applicant after a delay of two months, starting from 12.05.2021 to 14.09.2021, but thereafter, no payment was made by the respondent. The applicant served a notice in Form-3 on the respondent on

Mr. Mujahid, proprietor of Moon Traders, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against UP Bone Mills Private Limited, the respondent. The respondent is a private limited company incorporated on 11.05.1999, engaged in manufacturing M. S. Ingots and billets. The applicant supplied iron scrap to the respondent based on purchase orders issued in February and March 2021. The total turnover during this period was Rs. 16,12,23,532/-. A payment of Rs.4,32,37,146/- was received by the applicant after a delay of two months, starting from 12.05.2021 to 14.09.2021, but thereafter, no payment was made by the respondent. The applicant served a notice in Form-3 on the respondent on