M/s Phasorz Technologies Private Limited (Petitioner/Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Inditrade Capital Limited (Respondent/Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The petition alleged a default of Rs. 3,58,74,381.45/- as of June 13, 2025. This operational debt arose from a Memorandum of Understanding (MoU) dated April 4, 2023, for the provision of healthcare services. An advance commission of Rs. 2,41,10,042/- plus taxes was disbursed by the Operational Creditor to Inditrade Business Consultants Limited, which was secured by an unconditional and irrevocable Corporate Guarantee from M/s Inditrade Capital Limited. Following a partial refund of

M/s Phasorz Technologies Private Limited (Petitioner/Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Inditrade Capital Limited (Respondent/Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The petition alleged a default of Rs. 3,58,74,381.45/- as of June 13, 2025. This operational debt arose from a Memorandum of Understanding (MoU) dated April 4, 2023, for the provision of healthcare services. An advance commission of Rs. 2,41,10,042/- plus taxes was disbursed by the Operational Creditor to Inditrade Business Consultants Limited, which was secured by an unconditional and irrevocable Corporate Guarantee from M/s Inditrade Capital Limited. Following a partial refund of