The case involves a petition filed by Simba Logistics Private Limited, the Operational Creditor, against Hindustan Online Trade Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor provided logistics services to the Corporate Debtor, and a Merchant Agreement was entered into between them on 07.10.2018. The Corporate Debtor failed to fully pay for the services rendered, leading to the filing of this petition.
Simba Logistics Private Limited (Operational Creditor) provided logistics services to Hindustan Online Trade Pvt. Ltd. (Corporate Debtor) under a Merchant Agreement dated 2018-10-07. The Corporate Debtor placed orders for pickup and shipping on a regular basis. The Corporate Debtor made full payment for one invoice, partial payments for two invoices, and failed to pay for four invoices. The Operational Creditor issued a demand notice on 2019-04-18, claiming a total of Rs. 6,39,817.3/-, which included a principal outstanding amount of Rs. 2,46,576.70/- and interest of Rs. 3,93,240.6/-. The demand notice was served on 2019-04-22. The Corporate Debtor failed to liquidate its liability, leading the Operational Creditor to file a petition under Section 9 of the Insolvency
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A Merchant Agreement was entered into…
From October 2018 to April 2019, Hindustan…
The case involves a petition filed by Simba Logistics Private Limited, the Operational Creditor, against Hindustan Online Trade Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor provided logistics services to the Corporate Debtor, and a Merchant Agreement was entered into between them on 07.10.2018. The Corporate Debtor failed to fully pay for the services rendered, leading to the filing of this petition.
Simba Logistics Private Limited (Operational Creditor) provided logistics services to Hindustan Online Trade Pvt. Ltd. (Corporate Debtor) under a Merchant Agreement dated 2018-10-07. The Corporate Debtor placed orders for pickup and shipping on a regular basis. The Corporate Debtor made full payment for one invoice, partial payments for two invoices, and failed to pay for four invoices. The Operational Creditor issued a demand notice on 2019-04-18, claiming a total of Rs. 6,39,817.3/-, which included a principal outstanding amount of Rs. 2,46,576.70/- and interest of Rs. 3,93,240.6/-. The demand notice was served on 2019-04-22. The Corporate Debtor failed to liquidate its liability, leading the Operational Creditor to file a petition under Section 9 of the Insolvency
…A Merchant Agreement was entered into…
From October 2018 to April 2019, Hindustan…