M/s Parmod Sharma Contractors, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against SBCC Infra Private Limited, the Corporate Debtor, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The petition arose from an unpaid operational debt related to a sub-contracted railway construction project. The Corporate Debtor had sub-contracted a 23 km railway line construction project to the Operational Creditor, valued at Rs. 72,07,06,277/-, but failed to make full payments for the work executed, leading to substantial operational dues and financial losses for the Operational Creditor. The Operational Creditor is registered under the MSMED Act, 2006, and claimed interest on the outstanding amount. A

M/s Parmod Sharma Contractors, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against SBCC Infra Private Limited, the Corporate Debtor, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The petition arose from an unpaid operational debt related to a sub-contracted railway construction project. The Corporate Debtor had sub-contracted a 23 km railway line construction project to the Operational Creditor, valued at Rs. 72,07,06,277/-, but failed to make full payments for the work executed, leading to substantial operational dues and financial losses for the Operational Creditor. The Operational Creditor is registered under the MSMED Act, 2006, and claimed interest on the outstanding amount. A