The case involves a dispute between Ratan India Finance Pvt. Ltd. (Financial Creditor) and M/s Cox & Kings Ltd. (Corporate Debtor). The Resolution Professional (RP) filed I.A. 1239/2020 and I.A. 484/2021 under Section 60(5) of the Insolvency and Bankruptcy Code against Writer Information Management Services Private Limited (Respondent). The Respondent was providing Record Management Services and Record Retrieval Services to the Corporate Debtor. The RP sought directions for the Respondent to continue providing services as per an agreement dated 15.01.2007 and to declare the non-provision of services as a violation of Section 14(2)(a) of the IBC. The Respondent also filed I.A. 1628/2021 against the RP.
Ratan India Finance Pvt. Ltd. is the Financial Creditor. M/s Cox & Kings Ltd. is the Corporate Debtor, an International Leisure Travel Company with operations in 23 countries. Writer Information Management Services Private Limited is the Respondent, providing Record Management Services and Record Retrieval Services to the Corporate Debtor. The Corporate Debtor and the Respondent had an agreement dated 15.01.2007 for these services. The CIRP of the Corporate Debtor commenced on 22.10.2019. The Respondent submitted a claim of Rs. 24.60 lakhs against the Corporate Debtor. The RP alleged that the Respondent had blocked access to the business records of the Company since February 2020 and demanded 100% advance payment, contrary to the agreed payment terms. The RP filed
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Agreement between Corporate Debtor and…
Corporate Insolvency…
The case involves a dispute between Ratan India Finance Pvt. Ltd. (Financial Creditor) and M/s Cox & Kings Ltd. (Corporate Debtor). The Resolution Professional (RP) filed I.A. 1239/2020 and I.A. 484/2021 under Section 60(5) of the Insolvency and Bankruptcy Code against Writer Information Management Services Private Limited (Respondent). The Respondent was providing Record Management Services and Record Retrieval Services to the Corporate Debtor. The RP sought directions for the Respondent to continue providing services as per an agreement dated 15.01.2007 and to declare the non-provision of services as a violation of Section 14(2)(a) of the IBC. The Respondent also filed I.A. 1628/2021 against the RP.
Ratan India Finance Pvt. Ltd. is the Financial Creditor. M/s Cox & Kings Ltd. is the Corporate Debtor, an International Leisure Travel Company with operations in 23 countries. Writer Information Management Services Private Limited is the Respondent, providing Record Management Services and Record Retrieval Services to the Corporate Debtor. The Corporate Debtor and the Respondent had an agreement dated 15.01.2007 for these services. The CIRP of the Corporate Debtor commenced on 22.10.2019. The Respondent submitted a claim of Rs. 24.60 lakhs against the Corporate Debtor. The RP alleged that the Respondent had blocked access to the business records of the Company since February 2020 and demanded 100% advance payment, contrary to the agreed payment terms. The RP filed
…Agreement between Corporate Debtor and…
Corporate Insolvency…