The Appellant, Director of YSG Cabs and Logistics Private Limited (‘Corporate Debtor'), challenged the order dated 28th November, 2018 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi Bench, New Delhi whereby and whereunder an application under Section 9 of Insolvency and Bankruptcy Code, 2016 preferred by Overseas Packaging Industries Pvt. Ltd (‘Operational Creditor') has been admitted, the order of moratorium has been passed and Interim Resolution Professional has been appointed. The Respondent(s) took the plea that pursuant to agreement dated 16th April, 2016 for the premises in Kolkata and Amenities Agreement at various offices belonging to the ‘Corporate Debtor' at Bhubaneswar, Guwahati, Ranchi, Lucknow, Chennai, Bangalore, Pune and
…Overseas Packaging Industries Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against YSG Cabs and Logistics Private Limited (Corporate Debtor) for outstanding dues of Rs. 2,30,12,045/- inclusive of TDS. These dues arose from services provided by the Operational Creditor for leasing out premises with furniture, fixtures, and other amenities to the Corporate Debtor at various locations. The Adjudicating Authority admitted the application, passed a moratorium order, and appointed an Interim Resolution Professional. The Corporate Debtor appealed this order, arguing a pre-existing dispute and lack of hearing before the order was passed. The Operational Creditor disputed the claims but acknowledged a
…Sign in to view the parties.
Agreement dated 16th April, 2016 for the…
Demand Notice issued…
The Appellant, Director of YSG Cabs and Logistics Private Limited (‘Corporate Debtor'), challenged the order dated 28th November, 2018 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi Bench, New Delhi whereby and whereunder an application under Section 9 of Insolvency and Bankruptcy Code, 2016 preferred by Overseas Packaging Industries Pvt. Ltd (‘Operational Creditor') has been admitted, the order of moratorium has been passed and Interim Resolution Professional has been appointed. The Respondent(s) took the plea that pursuant to agreement dated 16th April, 2016 for the premises in Kolkata and Amenities Agreement at various offices belonging to the ‘Corporate Debtor' at Bhubaneswar, Guwahati, Ranchi, Lucknow, Chennai, Bangalore, Pune and
…Overseas Packaging Industries Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against YSG Cabs and Logistics Private Limited (Corporate Debtor) for outstanding dues of Rs. 2,30,12,045/- inclusive of TDS. These dues arose from services provided by the Operational Creditor for leasing out premises with furniture, fixtures, and other amenities to the Corporate Debtor at various locations. The Adjudicating Authority admitted the application, passed a moratorium order, and appointed an Interim Resolution Professional. The Corporate Debtor appealed this order, arguing a pre-existing dispute and lack of hearing before the order was passed. The Operational Creditor disputed the claims but acknowledged a
…Agreement dated 16th April, 2016 for the…
Demand Notice issued…