The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy Code 2016 (Application to Adjudicating Authority) Rules, 2016, for the initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor, Aircom Travels Private Limited, provided travel services to the corporate debtor, Mohan Motor Distributors Private Limited, between 25.10.2018 and 11.12.2018. An outstanding amount of Rs. 2,67,705/- remained unpaid. The operational creditor served a notice under Section 8 of the IBC, 2016, on 02.08.2019, for payment of the amount along with interest. The corporate debtor contended that the debt was not due and payable because there were no terms for its payment.

The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy Code 2016 (Application to Adjudicating Authority) Rules, 2016, for the initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor, Aircom Travels Private Limited, provided travel services to the corporate debtor, Mohan Motor Distributors Private Limited, between 25.10.2018 and 11.12.2018. An outstanding amount of Rs. 2,67,705/- remained unpaid. The operational creditor served a notice under Section 8 of the IBC, 2016, on 02.08.2019, for payment of the amount along with interest. The corporate debtor contended that the debt was not due and payable because there were no terms for its payment.