The case originates from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Insynergy Supply Chain Solutions Private Limited (the operational creditor) against Easytech Global Private Limited (the corporate debtor). The operational creditor claimed that the corporate debtor had defaulted on payments for services rendered, specifically for clearing shipments for customs. The corporate debtor acknowledged availing the services but cited a lack of funds as the reason for non-payment. The operational creditor argued that the corporate debtor owed Rs. 8,08,635, including principal and interest.
Insynergy Supply Chain Solutions Private Limited (operational creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Easytech Global Private Limited (corporate debtor) for unpaid dues. The operational creditor provided services to the corporate debtor for clearing shipments for customs. Invoices were raised for transportation, freight, agency, and commission charges. For the financial year 2016-2017, the operational creditor claimed an outstanding amount of Rs. 8,86,643. The corporate debtor made a part payment of Rs. 2,50,000 on 23.06.2017. The operational creditor claimed interest at 18% per annum on the outstanding amount. The corporate debtor admitted to availing the services but cited a lack of funds as the reason for
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The case originates from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Insynergy Supply Chain Solutions Private Limited (the operational creditor) against Easytech Global Private Limited (the corporate debtor). The operational creditor claimed that the corporate debtor had defaulted on payments for services rendered, specifically for clearing shipments for customs. The corporate debtor acknowledged availing the services but cited a lack of funds as the reason for non-payment. The operational creditor argued that the corporate debtor owed Rs. 8,08,635, including principal and interest.
Insynergy Supply Chain Solutions Private Limited (operational creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Easytech Global Private Limited (corporate debtor) for unpaid dues. The operational creditor provided services to the corporate debtor for clearing shipments for customs. Invoices were raised for transportation, freight, agency, and commission charges. For the financial year 2016-2017, the operational creditor claimed an outstanding amount of Rs. 8,86,643. The corporate debtor made a part payment of Rs. 2,50,000 on 23.06.2017. The operational creditor claimed interest at 18% per annum on the outstanding amount. The corporate debtor admitted to availing the services but cited a lack of funds as the reason for
…Start of the financial year during which the…
End of the financial year during which the…