ORDER

Per: Kishore Vemulapalli, Member (Judicial)

1. This is an Application being C.P. (IB) No. 931/MB/2022 filed on 11.07.2020 by Melange Systems Private Limited, the Operational Creditor/Applicant, under Section 9 of Insolvency & Bankruptcy Code, 2016 (I&B Code) for initiating Corporate Insolvency Resolution Process (CIRP) in respect of PME lnfratech Private Limited.

1.1. The Applicant Operational Creditor has claimed that the Corporate Debtor is in default of a sum of Rs. 6,51,30,990/- (Rupees Six Crore, Fifty-One Lacs, Thirty Thousand, Nine Hundred & Ninety only), comprised of the principal outstanding of Rs. Rs. 5,38,47,605/- and interest amounting to Rs. 1,12,83,295/- @ 18% thereon till 21.07.2020, also interest till the date of payment. The date of default is stated in Part IV of the application as ‘debt fell due on different dates commencing from 4 December, 2018’ and a statement of account of unpaid invoices is annexed the petition. As per this statement, the invoices fell due between the period from 18.01.2019 to 19.05.2019.

2. The Operational Creditor is a wireless networking company offering low cost, low power wireless networking modules and complementary solutions for the