M/s KDH Travels Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S India Sports Flashes Private Limited. The applicant, an operational creditor, claimed that the corporate debtor defaulted on payments for services provided, specifically booking of air tickets, rail tickets, cruises, hotel accommodation, transportation, sightseeing tours, guide services, and conference arrangements.
M/s KDH Travels Private Limited (Applicant) provided travel and related services to M/S India Sports Flashes Private Limited (Corporate Debtor) from February 2019 to April 2019. The services included booking air tickets, rail tickets, cruises, hotel accommodation, transportation, sightseeing tours, guide services, and conference arrangements. The applicant raised invoices for these services, which were acknowledged by the corporate debtor. A General Agreement dated 20.02.2019 was in place, stipulating that the corporate debtor should clear outstanding dues within 10 days of invoice receipt. The corporate debtor made partial payments totaling Rs. 6,44,183/- against total services availed for Rs. 13,35,777/-, leaving Rs. 6,91,594/- unpaid. A cheque issued by the
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Services provided by KDH…
General Agreement…
M/s KDH Travels Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S India Sports Flashes Private Limited. The applicant, an operational creditor, claimed that the corporate debtor defaulted on payments for services provided, specifically booking of air tickets, rail tickets, cruises, hotel accommodation, transportation, sightseeing tours, guide services, and conference arrangements.
M/s KDH Travels Private Limited (Applicant) provided travel and related services to M/S India Sports Flashes Private Limited (Corporate Debtor) from February 2019 to April 2019. The services included booking air tickets, rail tickets, cruises, hotel accommodation, transportation, sightseeing tours, guide services, and conference arrangements. The applicant raised invoices for these services, which were acknowledged by the corporate debtor. A General Agreement dated 20.02.2019 was in place, stipulating that the corporate debtor should clear outstanding dues within 10 days of invoice receipt. The corporate debtor made partial payments totaling Rs. 6,44,183/- against total services availed for Rs. 13,35,777/-, leaving Rs. 6,91,594/- unpaid. A cheque issued by the
…Services provided by KDH…
General Agreement…