The Bank of Baroda Limited, a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Alvi Tech Services Private Limited, the Corporate Debtor. The Financial Creditor claimed a default of Rs. 15,99,10,466.99/- as of 18.12.2025, with the date of default stated as 30.06.2018 and the account classified as NPA on 28.09.2018. The Corporate Debtor raised several defenses, including allegations of excess interest charges, wrongful appropriation of receivables, reduced drawing power by the Financial Creditor, and refusal to consider restructuring proposals. The Corporate Debtor also contended that the application was time-barred and highlighted its MSME status.

The Bank of Baroda Limited, a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Alvi Tech Services Private Limited, the Corporate Debtor. The Financial Creditor claimed a default of Rs. 15,99,10,466.99/- as of 18.12.2025, with the date of default stated as 30.06.2018 and the account classified as NPA on 28.09.2018. The Corporate Debtor raised several defenses, including allegations of excess interest charges, wrongful appropriation of receivables, reduced drawing power by the Financial Creditor, and refusal to consider restructuring proposals. The Corporate Debtor also contended that the application was time-barred and highlighted its MSME status.