M/s. Wiz Logtec India Private Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Vivimed Life Sciences Private Limited, the Corporate Debtor. The claim is for a total operational debt of Rs. 1,37,47,165/-, including a principal amount of Rs. 1,21,12,040/- and interest of Rs. 16,35,125/-. The Operational Creditor and Corporate Debtor entered into service agreements on 25.01.2019 and 03.08.2020, where the Corporate Debtor engaged the Operational Creditor for export of pharmaceutical products. The Operational Creditor raised invoices for the services, but the Corporate Debtor failed to settle the invoices despite repeated

M/s. Wiz Logtec India Private Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Vivimed Life Sciences Private Limited, the Corporate Debtor. The claim is for a total operational debt of Rs. 1,37,47,165/-, including a principal amount of Rs. 1,21,12,040/- and interest of Rs. 16,35,125/-. The Operational Creditor and Corporate Debtor entered into service agreements on 25.01.2019 and 03.08.2020, where the Corporate Debtor engaged the Operational Creditor for export of pharmaceutical products. The Operational Creditor raised invoices for the services, but the Corporate Debtor failed to settle the invoices despite repeated