The case involves an application filed by Associated Road Carriers Limited, an operational creditor, against Health Secure (India) Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed a default of Rs. 27,24,973/- along with interest at 24% p.a. for transportation services rendered to the corporate debtor. The corporate debtor admitted its liability but failed to make the payment.
Associated Road Carriers Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Health Secure (India) Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of Rs. 27,24,973/- along with interest at 24% p.a. The Operational Creditor provided transportation services from Vashi-Mumbai and one consignment from Dewasto to the Corporate Debtor between 25.06.2016 and 30.06.2017 and raised bills and consignment notes. The Corporate Debtor admitted the transaction and confirmed the liability vide letters dated 27.03.2018, 28.08.2018, and 01.09.2018, assuring payment by 28.02.2019. The Operational Creditor issued a demand notice
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Associated Road Carriers Limited provided…
Associated Road Carriers Limited completed…
The case involves an application filed by Associated Road Carriers Limited, an operational creditor, against Health Secure (India) Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed a default of Rs. 27,24,973/- along with interest at 24% p.a. for transportation services rendered to the corporate debtor. The corporate debtor admitted its liability but failed to make the payment.
Associated Road Carriers Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Health Secure (India) Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of Rs. 27,24,973/- along with interest at 24% p.a. The Operational Creditor provided transportation services from Vashi-Mumbai and one consignment from Dewasto to the Corporate Debtor between 25.06.2016 and 30.06.2017 and raised bills and consignment notes. The Corporate Debtor admitted the transaction and confirmed the liability vide letters dated 27.03.2018, 28.08.2018, and 01.09.2018, assuring payment by 28.02.2019. The Operational Creditor issued a demand notice
…Associated Road Carriers Limited provided…
Associated Road Carriers Limited completed…