Hermes Travel & Cargo Private Limited, an Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Goodrich Logistics Private Limited, the Corporate Debtor, to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on the Corporate Debtor's alleged default in making payment of ₹10,73,561/- as principal and ₹3,36,335.97/- as interest, totaling ₹14,09,896.97, for services of freight forwarding. The Operational Creditor claimed to have provided services and raised invoices that were duly received by the Corporate Debtor. The invoices contained a clause stipulating a penal interest of 21% p.a. for delayed payments exceeding 21 days. The Corporate Debtor admitted to an outstanding
…Hermes Travel & Cargo Private Limited (Operational Creditor) provided freight forwarding services to Goodrich Logistics Private Limited (Corporate Debtor). The Corporate Debtor defaulted on payments for these services. As of 31.03.2018, the outstanding principal amount was ₹10,73,561/-, with an additional ₹3,36,335.97/- in interest. The Operational Creditor raised four invoices, which were allegedly received by the Corporate Debtor. The invoices stipulated a 21% p.a. penal interest for payments delayed beyond 21 days. The Corporate Debtor, in e-mails dated 14.05.2018, 18.05.2018 and 19.05.2018, admitted to an outstanding amount of ₹10,70,691/-. On 22.05.2018, the Corporate Debtor sent a copy of a cheque for ₹10,73,561/- via e-mail but did not deliver the original
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Corporate Debtor defaulted in payment of…
Petitioner intimated the Corporate Debtor…
Hermes Travel & Cargo Private Limited, an Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Goodrich Logistics Private Limited, the Corporate Debtor, to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on the Corporate Debtor's alleged default in making payment of ₹10,73,561/- as principal and ₹3,36,335.97/- as interest, totaling ₹14,09,896.97, for services of freight forwarding. The Operational Creditor claimed to have provided services and raised invoices that were duly received by the Corporate Debtor. The invoices contained a clause stipulating a penal interest of 21% p.a. for delayed payments exceeding 21 days. The Corporate Debtor admitted to an outstanding
…Hermes Travel & Cargo Private Limited (Operational Creditor) provided freight forwarding services to Goodrich Logistics Private Limited (Corporate Debtor). The Corporate Debtor defaulted on payments for these services. As of 31.03.2018, the outstanding principal amount was ₹10,73,561/-, with an additional ₹3,36,335.97/- in interest. The Operational Creditor raised four invoices, which were allegedly received by the Corporate Debtor. The invoices stipulated a 21% p.a. penal interest for payments delayed beyond 21 days. The Corporate Debtor, in e-mails dated 14.05.2018, 18.05.2018 and 19.05.2018, admitted to an outstanding amount of ₹10,70,691/-. On 22.05.2018, the Corporate Debtor sent a copy of a cheque for ₹10,73,561/- via e-mail but did not deliver the original
…Corporate Debtor defaulted in payment of…
Petitioner intimated the Corporate Debtor…