The Appellant filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, rejected the application due to the existence of a dispute.
The Appellant, Continental Carriers Pvt. Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor, Camson Agri Ventures Private Limited. The Adjudicating Authority rejected the application due to the existence of a dispute. The Appellant issued a demand notice under Section 8(1) of the I&B Code on October 30, 2017. Prior to the issuance of the demand notice, the Corporate Debtor raised a dispute about insufficient services in sending the goods on time. The Appellant is a transport carrier providing services, not goods. The court found that there was a dispute about providing proper services.
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Issuance of…
Demand Notice under…
The Appellant filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, rejected the application due to the existence of a dispute.
The Appellant, Continental Carriers Pvt. Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor, Camson Agri Ventures Private Limited. The Adjudicating Authority rejected the application due to the existence of a dispute. The Appellant issued a demand notice under Section 8(1) of the I&B Code on October 30, 2017. Prior to the issuance of the demand notice, the Corporate Debtor raised a dispute about insufficient services in sending the goods on time. The Appellant is a transport carrier providing services, not goods. The court found that there was a dispute about providing proper services.
Issuance of…
Demand Notice under…