ORDER

PER: MANNI SANKARIAH SHANMUGA SUNDARAM, MEMBER (JUDICIAL)

1. The present Application has been filed on behalf of Canara Bank (“Applicant/Financial Creditor”) under Section 7 of the Insolvency and the Bankruptcy Code, 2016 (“Code”) to initiate corporate insolvency resolution process against Rattanlndia Enterprises Limited (“Respondent/Corporate Debtor”) on the ground that the Corporate Debtor has defaulted in the payment of financial debt amounting to Rs. 3,72,35,67,407.77 (Rupees Three Hundred Seventy-Two Crore Thirty-Five Lakh Sixty-Seven Thousand four Hundred Seven and Seventy Seven Paisa) due as on 30.12.2024 along with penalties and future interest from 01.01.2025.

2. The Corporate Debtor herein Rattanlndia Enterprises Limited having CIN L74110DL2010PLC210263, incorporated under the provisions of the Companies Act, 1956 is having its registered office at 5th Floor, Tower-B, Worldmark 1, Aerocity, South West Delhi, New Delhi, Delhi, India, 110037. Since the registered office of the Corporate Debtor is situated in New Delhi, this Tribunal having jurisdiction over the NCT of Delhi is the Adjudicating Authority under sub-section (1) of section 60 of the Code in relation to the