The case involves an application filed by M/s Model Logistics Pvt. Ltd., an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Advance Home & Personal Care Ltd., the corporate debtor. The applicant claimed that the respondent failed to pay outstanding dues for freight services provided. The applicant sent a demand notice under Section 8 of the IBC, 2016, which the respondent allegedly failed to comply with. The respondent denied the existence of any outstanding payments, but the applicant claimed that the debt was acknowledged via email.
M/s Model Logistics Pvt. Ltd. (the applicant), an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Advance Home & Personal Care Ltd. (the respondent), the corporate debtor. The applicant provided freight services to the respondent, and invoices were raised from 02.01.2017 to 04.04.2017. The last invoice was raised on 04.04.2017. A demand notice was sent on 11.05.2018 under Section 8 of the IBC, 2016, for Rs.6,02,000/- along with interest. The demand notice was delivered to the respondent's registered office on 14.05.2018. The respondent failed to pay the amount demanded and did not raise any notice of dispute. The respondent denied the
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The case involves an application filed by M/s Model Logistics Pvt. Ltd., an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Advance Home & Personal Care Ltd., the corporate debtor. The applicant claimed that the respondent failed to pay outstanding dues for freight services provided. The applicant sent a demand notice under Section 8 of the IBC, 2016, which the respondent allegedly failed to comply with. The respondent denied the existence of any outstanding payments, but the applicant claimed that the debt was acknowledged via email.
M/s Model Logistics Pvt. Ltd. (the applicant), an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Advance Home & Personal Care Ltd. (the respondent), the corporate debtor. The applicant provided freight services to the respondent, and invoices were raised from 02.01.2017 to 04.04.2017. The last invoice was raised on 04.04.2017. A demand notice was sent on 11.05.2018 under Section 8 of the IBC, 2016, for Rs.6,02,000/- along with interest. The demand notice was delivered to the respondent's registered office on 14.05.2018. The respondent failed to pay the amount demanded and did not raise any notice of dispute. The respondent denied the
…The default occurred…
The applicant raised…