The case involves a Company Petition filed by Opulent Auto Care Private Limited (the Petitioner) against DSK Motors Private Limited (the Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Petitioner sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, alleging a default in payment of Rs. 2,05,03,870/-. The Petitioner claimed to have provided car care product services to the Corporate Debtor at seven locations based on an agreement dated 01.08.2016 and raised invoices accordingly. The demand notice sent by the Petitioner was returned with an endorsement 'door locked'.
Opulent Auto Care Private Limited (Petitioner) filed a Company Petition against DSK Motors Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016, seeking to initiate CIRP due to a default in payment of Rs. 2,05,03,870/-. The Petitioner and Corporate Debtor entered into an agreement on 01.08.2016, where the Petitioner agreed to render car care product services at seven locations. After providing services, the Petitioner raised invoices. The Petitioner sent a demand notice under Section 8 of the Code on 02.08.2018, which was returned with an endorsement 'door locked'. A copy of the petition was also sent to the Corporate Debtor and returned with the same endorsement. The Petitioner made publications in newspapers stating that the Petition would be taken up
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The case involves a Company Petition filed by Opulent Auto Care Private Limited (the Petitioner) against DSK Motors Private Limited (the Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Petitioner sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, alleging a default in payment of Rs. 2,05,03,870/-. The Petitioner claimed to have provided car care product services to the Corporate Debtor at seven locations based on an agreement dated 01.08.2016 and raised invoices accordingly. The demand notice sent by the Petitioner was returned with an endorsement 'door locked'.
Opulent Auto Care Private Limited (Petitioner) filed a Company Petition against DSK Motors Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016, seeking to initiate CIRP due to a default in payment of Rs. 2,05,03,870/-. The Petitioner and Corporate Debtor entered into an agreement on 01.08.2016, where the Petitioner agreed to render car care product services at seven locations. After providing services, the Petitioner raised invoices. The Petitioner sent a demand notice under Section 8 of the Code on 02.08.2018, which was returned with an endorsement 'door locked'. A copy of the petition was also sent to the Corporate Debtor and returned with the same endorsement. The Petitioner made publications in newspapers stating that the Petition would be taken up
…The Petitioner and Corporate Debtor entered…
The Petitioner sent a…