The case involves an application filed by Shree Rani Sati Travel House, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Altius Travels Private Limited, the corporate debtor, for non-payment of operational debt. The operational creditor provided travel-related services to the corporate debtor based on placed orders, raised invoices, but the corporate debtor failed to pay the outstanding amount. Despite repeated reminders, the debt remained unpaid, leading to the filing of this petition.
Shree Rani Sati Travel House, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Altius Travels Private Limited, a corporate debtor. The operational creditor provided travel-related services to the corporate debtor based on orders placed for managing group tours, arranging travel tickets, and booking. Invoices were raised for these services. The corporate debtor failed to pay Rs. 4,92,064/- along with accrued interest at 24% per annum up to April 30, 2019, resulting in a total operational debt of Rs. 7,31,298.94. Despite repeated reminders, the debt remained unpaid. The operational creditor issued a demand notice under Section 8 of the I&B Code on August 26, 2019, which was served upon the corporate
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Altius Travels Private…
The operational creditor issued notice to the…
The case involves an application filed by Shree Rani Sati Travel House, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Altius Travels Private Limited, the corporate debtor, for non-payment of operational debt. The operational creditor provided travel-related services to the corporate debtor based on placed orders, raised invoices, but the corporate debtor failed to pay the outstanding amount. Despite repeated reminders, the debt remained unpaid, leading to the filing of this petition.
Shree Rani Sati Travel House, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Altius Travels Private Limited, a corporate debtor. The operational creditor provided travel-related services to the corporate debtor based on orders placed for managing group tours, arranging travel tickets, and booking. Invoices were raised for these services. The corporate debtor failed to pay Rs. 4,92,064/- along with accrued interest at 24% per annum up to April 30, 2019, resulting in a total operational debt of Rs. 7,31,298.94. Despite repeated reminders, the debt remained unpaid. The operational creditor issued a demand notice under Section 8 of the I&B Code on August 26, 2019, which was served upon the corporate
…Altius Travels Private…
The operational creditor issued notice to the…