The application was filed by Abhishek Agarwal (Financial Creditor/Applicant) against Shree Dwarkadhish Udyog Private Limited (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor had sought urgent financial assistance from the Applicant in May 2017 to keep its business afloat and repay existing creditors. A total sum of Rs. 81,69,039/- was disbursed by the Applicant between May 22, 2017, and February 28, 2018. An Unsecured Loan Agreement was executed on April 1, 2018, formally acknowledging these prior disbursements, specifying an interest rate of 9% per annum, and stipulating repayment within a five-year period, i.e., on or before April 1, 2023. The Corporate Debtor acknowledged a liability of Rs. 1,30,64,919/-

The application was filed by Abhishek Agarwal (Financial Creditor/Applicant) against Shree Dwarkadhish Udyog Private Limited (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor had sought urgent financial assistance from the Applicant in May 2017 to keep its business afloat and repay existing creditors. A total sum of Rs. 81,69,039/- was disbursed by the Applicant between May 22, 2017, and February 28, 2018. An Unsecured Loan Agreement was executed on April 1, 2018, formally acknowledging these prior disbursements, specifying an interest rate of 9% per annum, and stipulating repayment within a five-year period, i.e., on or before April 1, 2023. The Corporate Debtor acknowledged a liability of Rs. 1,30,64,919/-