The case involves a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Scorpion Express Private Limited (Operational Creditor) against Gufic Bioscience Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for transportation services provided. The Corporate Debtor disputed the claim, alleging inflated invoices and connivance between the Operational Creditor and its employees.
Scorpion Express Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Gufic Bioscience Limited (Corporate Debtor) for unpaid dues related to transportation services. The Corporate Debtor allegedly defaulted on a sum of Rs. 44,93,572.29 as principal and Rs. 4,85,528.87 as interest as of 08.01.2018, totaling Rs.49,79,101.16. The Operational Creditor served a demand notice on 09.12.2018, which was received by the Corporate Debtor on 26.12.2018. The Corporate Debtor replied on 13.02.2019, disputing the invoices as inflated and alleging connivance with its employees. Agreements for transportation services were in place from July 2015 to June 2016. The Corporate Debtor filed a complaint with the
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Gufic Bioscience…
Corporate Debtor entered into various…
The case involves a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Scorpion Express Private Limited (Operational Creditor) against Gufic Bioscience Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for transportation services provided. The Corporate Debtor disputed the claim, alleging inflated invoices and connivance between the Operational Creditor and its employees.
Scorpion Express Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Gufic Bioscience Limited (Corporate Debtor) for unpaid dues related to transportation services. The Corporate Debtor allegedly defaulted on a sum of Rs. 44,93,572.29 as principal and Rs. 4,85,528.87 as interest as of 08.01.2018, totaling Rs.49,79,101.16. The Operational Creditor served a demand notice on 09.12.2018, which was received by the Corporate Debtor on 26.12.2018. The Corporate Debtor replied on 13.02.2019, disputing the invoices as inflated and alleging connivance with its employees. Agreements for transportation services were in place from July 2015 to June 2016. The Corporate Debtor filed a complaint with the
…Gufic Bioscience…
Corporate Debtor entered into various…