Supreme Transport Organisation Pvt Ltd, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) for initiation of Corporate Insolvency Resolution Process (CIRP) against DSV Air & Sea Pvt Ltd, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on 16.09.2015 in payment of Rs.8,81,400/- including interest, against invoices raised for transportation services. The Corporate Debtor contested the claim, asserting a pre-existing dispute regarding the quality and timeliness of the services provided.
Supreme Transport Organisation Pvt Ltd (Operational Creditor) filed a petition against DSV Air & Sea Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs.8,81,400/- on 16.09.2015 for transportation services. The Corporate Debtor engaged the Operational Creditor to transport machinery parts to a client in Haryana. The Operational Creditor issued a demand notice on 15.01.2018. The Corporate Debtor replied on 29.01.2018, alleging failure/breach of service, resulting in losses. The Corporate Debtor claimed that the Operational Creditor delivered the cargo late, causing idling costs for Italian engineers at the client's site, leading to a deduction of approximately 8800 Euros. The Operational Creditor stated
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Supreme Transport Organisation Pvt Ltd, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) for initiation of Corporate Insolvency Resolution Process (CIRP) against DSV Air & Sea Pvt Ltd, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on 16.09.2015 in payment of Rs.8,81,400/- including interest, against invoices raised for transportation services. The Corporate Debtor contested the claim, asserting a pre-existing dispute regarding the quality and timeliness of the services provided.
Supreme Transport Organisation Pvt Ltd (Operational Creditor) filed a petition against DSV Air & Sea Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs.8,81,400/- on 16.09.2015 for transportation services. The Corporate Debtor engaged the Operational Creditor to transport machinery parts to a client in Haryana. The Operational Creditor issued a demand notice on 15.01.2018. The Corporate Debtor replied on 29.01.2018, alleging failure/breach of service, resulting in losses. The Corporate Debtor claimed that the Operational Creditor delivered the cargo late, causing idling costs for Italian engineers at the client's site, leading to a deduction of approximately 8800 Euros. The Operational Creditor stated
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