The case involves an application filed by Bharatiya Roadlines Pvt Ltd (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against D. I. Packaging Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for transportation services.
Bharatiya Roadlines Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against D. I. Packaging Pvt. Ltd (Corporate Debtor) due to unpaid operational debt. The Corporate Debtor had engaged the Operational Creditor for transportation services, and the terms of service were mutually agreed upon, requiring payment within 7 days of consignment receipt. The Corporate Debtor defaulted on payments for Invoice No. 15410 dated 16.03.2017, amounting to Rs. 8,53,000/-. The Operational Creditor received a composite sum of Rs. 4,50,000/- as part payment on 04.04.2017, 12.04.2017, and 12.11.2018. A demand notice in Form-3 was sent on 01.10.2018, calling for payment within 10 days. The Corporate Debtor
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Invoice No. 154…
Consignment note…
The case involves an application filed by Bharatiya Roadlines Pvt Ltd (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against D. I. Packaging Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for transportation services.
Bharatiya Roadlines Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against D. I. Packaging Pvt. Ltd (Corporate Debtor) due to unpaid operational debt. The Corporate Debtor had engaged the Operational Creditor for transportation services, and the terms of service were mutually agreed upon, requiring payment within 7 days of consignment receipt. The Corporate Debtor defaulted on payments for Invoice No. 15410 dated 16.03.2017, amounting to Rs. 8,53,000/-. The Operational Creditor received a composite sum of Rs. 4,50,000/- as part payment on 04.04.2017, 12.04.2017, and 12.11.2018. A demand notice in Form-3 was sent on 01.10.2018, calling for payment within 10 days. The Corporate Debtor
…Invoice No. 154…
Consignment note…