The case involves an application filed by Lee & Muirhead Private Limited, an operational creditor, against Opus Industries Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor claims that the corporate debtor defaulted in paying Rs. 32,24,048. The operational creditor provided services related to cargo consolidation, freight forwarding, and customs clearance for the corporate debtor. The invoices for these services were raised between July 8, 2014, and August 18, 2014. The corporate debtor made partial payments totaling Rs. 1,86,30,260, leaving a balance of Rs. 16,48,819. Despite repeated requests, the corporate debtor failed to clear the outstanding dues, leading the operational creditor
…Lee & Muirhead Private Limited (Operational Creditor) filed a petition against Opus Industries Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 32,24,048. The Operational Creditor provided cargo consolidation, freight forwarding, and customs clearance services to the Corporate Debtor. Invoices were raised between July 8, 2014, and August 18, 2014, totaling Rs. 2,02,79,079, including 24% interest. The Corporate Debtor made part payments of Rs. 1,86,30,260, leaving a balance of Rs. 16,48,819. Despite repeated requests, the Corporate Debtor failed to clear the dues. The Operational Creditor filed a civil suit in Chennai, which was decreed in their favor on September 18, 2017, for Rs. 23,10,059.
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The Corporate Debtor approached the Operational…
27 containers were brought into Chennai around…
The case involves an application filed by Lee & Muirhead Private Limited, an operational creditor, against Opus Industries Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor claims that the corporate debtor defaulted in paying Rs. 32,24,048. The operational creditor provided services related to cargo consolidation, freight forwarding, and customs clearance for the corporate debtor. The invoices for these services were raised between July 8, 2014, and August 18, 2014. The corporate debtor made partial payments totaling Rs. 1,86,30,260, leaving a balance of Rs. 16,48,819. Despite repeated requests, the corporate debtor failed to clear the outstanding dues, leading the operational creditor
…Lee & Muirhead Private Limited (Operational Creditor) filed a petition against Opus Industries Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming a default of Rs. 32,24,048. The Operational Creditor provided cargo consolidation, freight forwarding, and customs clearance services to the Corporate Debtor. Invoices were raised between July 8, 2014, and August 18, 2014, totaling Rs. 2,02,79,079, including 24% interest. The Corporate Debtor made part payments of Rs. 1,86,30,260, leaving a balance of Rs. 16,48,819. Despite repeated requests, the Corporate Debtor failed to clear the dues. The Operational Creditor filed a civil suit in Chennai, which was decreed in their favor on September 18, 2017, for Rs. 23,10,059.
…The Corporate Debtor approached the Operational…
27 containers were brought into Chennai around…