Percula Shipping and Trading Inc. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Dadi Impex Private Limited, claiming to be an operational creditor. The operational creditor claimed that Dadi Impex had defaulted on payments for services rendered, specifically the hiring of a vessel. The application was filed after a demand notice was issued and served to the corporate debtor, but no payment was made, nor was any dispute raised within the prescribed time.
Percula Shipping and Trading Inc. (Operational Creditor) filed an application against Dadi Impex Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor defaulted on payments amounting to USD 880,331.22 plus interest of USD 99,086 for services rendered, specifically the hiring of a vessel named 'M/V Achilleas S' for 108.79 days. The operational creditor raised various invoices, which the debtor failed to pay. The debtor acknowledged its liability via email dated 23.06.2017. A demand notice under Section 8 of the Code was issued on 27.09.2017, but the debtor neither replied nor repaid the amount. The debtor refused to take service of the hearing notice and remained absent
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Operational Creditor issued a demand notice…
M/s. Percula Shipping and Trading Inc.…
Percula Shipping and Trading Inc. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Dadi Impex Private Limited, claiming to be an operational creditor. The operational creditor claimed that Dadi Impex had defaulted on payments for services rendered, specifically the hiring of a vessel. The application was filed after a demand notice was issued and served to the corporate debtor, but no payment was made, nor was any dispute raised within the prescribed time.
Percula Shipping and Trading Inc. (Operational Creditor) filed an application against Dadi Impex Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor defaulted on payments amounting to USD 880,331.22 plus interest of USD 99,086 for services rendered, specifically the hiring of a vessel named 'M/V Achilleas S' for 108.79 days. The operational creditor raised various invoices, which the debtor failed to pay. The debtor acknowledged its liability via email dated 23.06.2017. A demand notice under Section 8 of the Code was issued on 27.09.2017, but the debtor neither replied nor repaid the amount. The debtor refused to take service of the hearing notice and remained absent
…Operational Creditor issued a demand notice…
M/s. Percula Shipping and Trading Inc.…