ORDER

PER: DR. SANJEEV RANJAN, MEMBER (TECHNICAL)

1. The present application has been filed by M/s. Eastern Interiors and Furnishers (hereinafter referred to as Operational Creditor/Applicant) through its sole Proprietor, namely, Mr. Suneel M. Bhatnagar to initiate Corporate Insolvency Resolution Process (“CIRP”) in accordance with Section 9 of the Insolvency and Bankruptcy Code 2016 (hereinafter referred to as “the Code’) against the Corporate Debtor/Respondent herein, i.e., M/s. Ripples Engineering Private Limited (hereinafter referred to as the ‘Corporate Debtor’) for the alleged default on the part of the Respondent amounting to INR 6,59,057/- being the total amount due (out of which INR 5,79,303/- being the principal amount, INR 79,754/- being the interest for the delayed period from appropriate dates of invoices till 31.10.2019.

2. The Corporate Debtor herein, i.e., M/s. Ripples Engineering Private Limited, incorporated under the provisions of the Companies Act, 1956 has its registered office situated at G-36, 3rd Floor, Green Park Main Market, New Delhi-110016. Since the registered office of the Respondent Corporate Debtor is in New Delhi, this Adjudicating Authority has jurisd