The Operational Creditor, M/s.SRS Shipping Private Limited, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, M/s.Everup Battery India Private Limited, for initiation of the Corporate Insolvency Resolution Process. The basis for the petition was the Corporate Debtor's alleged default in paying ₹19,95,201 towards liner charges, CFS/Port Charges, Warehouse charges, and Transport charges, along with interest of ₹1,19,712 at 18% per annum. The Operational Creditor claimed that despite receiving a Section 8 notice on 25.07.2018, the Corporate Debtor failed to make the payment.
M/s.SRS Shipping Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s.Everup Battery India Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments totaling ₹19,95,201 for liner charges, CFS/Port Charges, Warehouse charges, and Transport charges, plus interest of ₹1,19,712 at 18% per annum. The Operational Creditor had sent a Section 8 notice to the Corporate Debtor on 25.07.2018. The Operational Creditor cleared goods on behalf of the Corporate Debtor and raised invoices from 12.04.2017 to 13.12.2017, aggregating to ₹19,95,201. The Corporate Debtor's counsel argued that a dispute existed prior to the Section 8 notice, citing an email
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Operational Creditor…
Operational Creditor raised invoices against…
The Operational Creditor, M/s.SRS Shipping Private Limited, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, M/s.Everup Battery India Private Limited, for initiation of the Corporate Insolvency Resolution Process. The basis for the petition was the Corporate Debtor's alleged default in paying ₹19,95,201 towards liner charges, CFS/Port Charges, Warehouse charges, and Transport charges, along with interest of ₹1,19,712 at 18% per annum. The Operational Creditor claimed that despite receiving a Section 8 notice on 25.07.2018, the Corporate Debtor failed to make the payment.
M/s.SRS Shipping Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s.Everup Battery India Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments totaling ₹19,95,201 for liner charges, CFS/Port Charges, Warehouse charges, and Transport charges, plus interest of ₹1,19,712 at 18% per annum. The Operational Creditor had sent a Section 8 notice to the Corporate Debtor on 25.07.2018. The Operational Creditor cleared goods on behalf of the Corporate Debtor and raised invoices from 12.04.2017 to 13.12.2017, aggregating to ₹19,95,201. The Corporate Debtor's counsel argued that a dispute existed prior to the Section 8 notice, citing an email
…Operational Creditor…
Operational Creditor raised invoices against…