M/s KDH Travels Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy Code (Application to Adjudicating Authority) Rules, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S India Sports Flashes Private Limited. The applicant, an operational creditor, sought to recover unpaid dues for services provided to the corporate debtor.
M/s KDH Travels Private Limited (the Applicant) is a private limited company engaged in tour and travel services. M/S India Sports Flashes Private Limited (the Corporate Debtor) availed services from the Applicant, including booking air tickets, rail tickets, cruises, hotel accommodation, transportation, sightseeing tours, guide services, and conference arrangements. A General Agreement dated 20.02.2019 governed the terms and conditions. The Applicant provided services from February 2019 to April 2019 and raised invoices from 28.02.2019 to 08.04.2019, which were acknowledged by the Corporate Debtor. The Corporate Debtor made partial payments, leaving Rs. 6,91,594/- unpaid. A cheque issued by the Corporate Debtor for Rs. 2,00,000/- bounced due to insufficient funds. The
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General Agreement…
First invoice r…
M/s KDH Travels Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy Code (Application to Adjudicating Authority) Rules, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S India Sports Flashes Private Limited. The applicant, an operational creditor, sought to recover unpaid dues for services provided to the corporate debtor.
M/s KDH Travels Private Limited (the Applicant) is a private limited company engaged in tour and travel services. M/S India Sports Flashes Private Limited (the Corporate Debtor) availed services from the Applicant, including booking air tickets, rail tickets, cruises, hotel accommodation, transportation, sightseeing tours, guide services, and conference arrangements. A General Agreement dated 20.02.2019 governed the terms and conditions. The Applicant provided services from February 2019 to April 2019 and raised invoices from 28.02.2019 to 08.04.2019, which were acknowledged by the Corporate Debtor. The Corporate Debtor made partial payments, leaving Rs. 6,91,594/- unpaid. A cheque issued by the Corporate Debtor for Rs. 2,00,000/- bounced due to insufficient funds. The
…General Agreement…
First invoice r…