The case involves a Company Petition (CP(IB)No.636/9/HDB/2019) filed by M/s. M+R Logistics India Pvt. Ltd. (Operational Creditor) against M/s. AGA Publications Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for freight forwarding and custom clearance services provided. The Corporate Debtor disputed the claim, citing pre-existing disputes, limitation, and lack of proper authorization for filing the application. The case was initially a winding-up petition before the High Court of Andhra Pradesh, which was later transferred to the NCLT Hyderabad Bench.
M/s. M+R Logistics India Pvt. Ltd. (Operational Creditor) provided freight forwarding and custom clearance services to M/s. AGA Publications Ltd (Corporate Debtor). The Operational Creditor raised invoices for these services between February 2010 and May 2010. The Corporate Debtor allegedly defaulted on payments. The Operational Creditor issued a statutory demand notice on 09.12.2010 under Section 434 of the Companies Act of 1956. The Corporate Debtor did not reply to the notice. The Operational Creditor filed a civil suit (O.S.No.778 of 2013) for recovery of money, which was later dismissed for default on 03.08.2018. The Corporate Debtor had raised a counter claim of ₹41,00,000/- in the civil suit. The Corporate Debtor filed I.A. No.5/2018 in C.P.No.34/2011 before the
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The case involves a Company Petition (CP(IB)No.636/9/HDB/2019) filed by M/s. M+R Logistics India Pvt. Ltd. (Operational Creditor) against M/s. AGA Publications Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for freight forwarding and custom clearance services provided. The Corporate Debtor disputed the claim, citing pre-existing disputes, limitation, and lack of proper authorization for filing the application. The case was initially a winding-up petition before the High Court of Andhra Pradesh, which was later transferred to the NCLT Hyderabad Bench.
M/s. M+R Logistics India Pvt. Ltd. (Operational Creditor) provided freight forwarding and custom clearance services to M/s. AGA Publications Ltd (Corporate Debtor). The Operational Creditor raised invoices for these services between February 2010 and May 2010. The Corporate Debtor allegedly defaulted on payments. The Operational Creditor issued a statutory demand notice on 09.12.2010 under Section 434 of the Companies Act of 1956. The Corporate Debtor did not reply to the notice. The Operational Creditor filed a civil suit (O.S.No.778 of 2013) for recovery of money, which was later dismissed for default on 03.08.2018. The Corporate Debtor had raised a counter claim of ₹41,00,000/- in the civil suit. The Corporate Debtor filed I.A. No.5/2018 in C.P.No.34/2011 before the
…Corporate Debtor issued…
Operational Creditor…