ORDER

[PER: CORAM]

1. This is an application filed on 23.12.2024 by the Applicant- Mr. Pramod Bafna (hereinafter also referred to as “Financial Creditor” or “the Petitioner”), who is the sole proprietor of M/s. Mohanlal Raichand Bafna, against the Respondent- Caprihans India Limited (hereinafter also referred to as “Corporate Debtor”), under Section 7 of the Insolvency & Bankruptcy Code 2016 (in short, ‘the Code’) r/w Rule 4(1) of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, seeking commencement of the Corporate Insolvency Resolution Process (‘CIRP’) of the Corporate Debtor, appointment of Interim Resolution Professional (‘IRP) and declaration of moratorium on account of the default in payment of INR 10,09,90,612/- (Rupees Ten Crores Nine Lakhs Ninety Thousand Six Hundred and Twelve Only).

2. On perusal of Part-I of Form 1, it is seen that the present application is filed by Mr. Pramod Bafna, the sole proprietor of M/s. Mohanlal Raichand Bafna. Further, an affidavit in support of