The case involves a petition filed by FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd. (the Petitioner) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Beackon Logistics Private Limited (the Corporate Debtor). The Petitioner alleges that the Corporate Debtor defaulted on payments for services provided, specifically the delivery of consignments. Despite multiple attempts to serve notice and warnings from the NCLT, the Corporate Debtor failed to appear before the Bench.
FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd. (the Petitioner) filed a company petition against Beackon Logistics Private Limited (the Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Petitioner claimed that the Corporate Debtor defaulted on payments for services rendered, specifically the delivery of consignments under a contract dated 2015-08-27. Invoices were raised from 2017-11-02 to 2018-08-16, totaling Rs. 10,64,970.90. The Petitioner also claimed interest on the outstanding amount. The Corporate Debtor acknowledged the debt in an email dated 2018-08-21 but requested more time to pay due to financial difficulties. A demand notice was issued on 2018-11-17. The Corporate Debtor failed to appear before
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A contract was entered into between FedEx…
The first invoice was raised by FedEx Express…
The case involves a petition filed by FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd. (the Petitioner) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Beackon Logistics Private Limited (the Corporate Debtor). The Petitioner alleges that the Corporate Debtor defaulted on payments for services provided, specifically the delivery of consignments. Despite multiple attempts to serve notice and warnings from the NCLT, the Corporate Debtor failed to appear before the Bench.
FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd. (the Petitioner) filed a company petition against Beackon Logistics Private Limited (the Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Petitioner claimed that the Corporate Debtor defaulted on payments for services rendered, specifically the delivery of consignments under a contract dated 2015-08-27. Invoices were raised from 2017-11-02 to 2018-08-16, totaling Rs. 10,64,970.90. The Petitioner also claimed interest on the outstanding amount. The Corporate Debtor acknowledged the debt in an email dated 2018-08-21 but requested more time to pay due to financial difficulties. A demand notice was issued on 2018-11-17. The Corporate Debtor failed to appear before
…A contract was entered into between FedEx…
The first invoice was raised by FedEx Express…