The petition was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Aargus Global Logistics Pvt. Ltd. (Operational Creditor) against East West Logistics Pvt. Ltd (Corporate Debtor). The Operational Creditor provided freight forwarding services to the Corporate Debtor, who accepted the services without dispute. Invoices were raised between 26.04.2018 and 21.05.2018, totaling Rs. 10,05,794, of which Rs. 1,14,731 was paid, leaving an outstanding amount of Rs. 8,91,063 plus interest.
Aargus Global Logistics Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against East West Logistics Pvt. Ltd. (Corporate Debtor). The Operational Creditor provided freight forwarding services to the Corporate Debtor, who accepted these services without raising any disputes regarding their quality. Invoices were raised between April 26, 2018, and May 21, 2018, totaling Rs. 10,05,794. The Corporate Debtor paid Rs. 1,14,731, leaving an outstanding amount of Rs. 8,91,063 plus interest at 18% p.a. The Operational Creditor served a demand notice dated July 11, 2019, under Section 8 of the IBC, seeking payment within 10 days. The Corporate Debtor neither replied to the notice nor made any payment. The petition
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One of the invoice…
One of the invoice…
The petition was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Aargus Global Logistics Pvt. Ltd. (Operational Creditor) against East West Logistics Pvt. Ltd (Corporate Debtor). The Operational Creditor provided freight forwarding services to the Corporate Debtor, who accepted the services without dispute. Invoices were raised between 26.04.2018 and 21.05.2018, totaling Rs. 10,05,794, of which Rs. 1,14,731 was paid, leaving an outstanding amount of Rs. 8,91,063 plus interest.
Aargus Global Logistics Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against East West Logistics Pvt. Ltd. (Corporate Debtor). The Operational Creditor provided freight forwarding services to the Corporate Debtor, who accepted these services without raising any disputes regarding their quality. Invoices were raised between April 26, 2018, and May 21, 2018, totaling Rs. 10,05,794. The Corporate Debtor paid Rs. 1,14,731, leaving an outstanding amount of Rs. 8,91,063 plus interest at 18% p.a. The Operational Creditor served a demand notice dated July 11, 2019, under Section 8 of the IBC, seeking payment within 10 days. The Corporate Debtor neither replied to the notice nor made any payment. The petition
…One of the invoice…
One of the invoice…