The case involves an application filed by M/S Bhagwati Air Express Pvt Ltd (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S Dharmraj Logistics India Pvt Ltd. (Corporate Debtor). The Operational Creditor provided forwarding services to the Corporate Debtor, raising invoices between 2019-03-31 and 2019-07-01. The Corporate Debtor made partial payments, but an outstanding amount remained due.
M/S Bhagwati Air Express Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Dharmraj Logistics India Pvt Ltd. (Corporate Debtor). The Corporate Debtor availed forwarding services from the Operational Creditor, with invoices raised between 2019-03-31 and 2019-07-01. The Corporate Debtor made partial payments, leaving an outstanding amount of Rs 10,14,227/-. A demand notice dated 2019-11-29 was issued to the Corporate Debtor, calling for payment of Rs. 11,30,869/-, including interest. The notice was duly delivered. The Corporate Debtor neither raised any dispute nor made any payments. The application was filed on 2019-12-26, with the date
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The Corporate Debtor…
The Applicant raised invoices for services…
The case involves an application filed by M/S Bhagwati Air Express Pvt Ltd (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S Dharmraj Logistics India Pvt Ltd. (Corporate Debtor). The Operational Creditor provided forwarding services to the Corporate Debtor, raising invoices between 2019-03-31 and 2019-07-01. The Corporate Debtor made partial payments, but an outstanding amount remained due.
M/S Bhagwati Air Express Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Dharmraj Logistics India Pvt Ltd. (Corporate Debtor). The Corporate Debtor availed forwarding services from the Operational Creditor, with invoices raised between 2019-03-31 and 2019-07-01. The Corporate Debtor made partial payments, leaving an outstanding amount of Rs 10,14,227/-. A demand notice dated 2019-11-29 was issued to the Corporate Debtor, calling for payment of Rs. 11,30,869/-, including interest. The notice was duly delivered. The Corporate Debtor neither raised any dispute nor made any payments. The application was filed on 2019-12-26, with the date
…The Corporate Debtor…
The Applicant raised invoices for services…