[Under Section 9 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016]

IN THE MATTER OF: IN STYLE FASHION Address- 301, Tanishq Green, 5 Old Vijay Nagar Colony, Agra, Uttar Pradesh-282004 …Operational Creditor V/s ADITYA BIRLA FASHION AND RETAIL LIMITED Address: 701-704, 7th Floor, Skyline Icon Business Park, 86-92 of A.K. Road, Marol Village, Andheri (East), Mumbai, Maharashtra-400059.

...Corporate Debtor Reserved for Orders: 12.09.2023 Pronounced: 11.10.2023 CORAM:

HON’BLE SHRI K. R. SAJI KUMAR, MEMBER (JUDICIAL)

HON’BLE SHRI SANJIV DUTT, MEMBER (TECHNICAL)

Appearances:

Operational Creditor: Adv. Suresh Kumar Bhutani Corporate Debtor: M/s. Lex Firmus

ORDER

[Per: K. R. SAJI KUMAR, MEMBER (JUDICIAL)]

1.Background

1.1. This C.P. (IB) No. 4099/MB/C-VI/2019 (Application) was filed on

01.10.2019 by ‘In Style Fashion’, the Operational Creditor (OC), under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) for initiating Corporate Insolvency Resolution Process (CIRP) in respect of ‘Aditya Birla Fashion and Retail Limited’, the Corporate Debtor (CD). An amount of Rs. 1,05,89,714.83/- fell due to the OC fr