BVC Tradeport Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Salebhai Internet Limited, the Corporate Debtor, due to a default of Rs. 7,00,297/-. The Operational Creditor provides outsourced logistic services, while the Corporate Debtor is an e-commerce portal. A service agreement was entered into between the parties on 31.08.2016, for the Operational Creditor to deliver products to the Corporate Debtor's customers. The Corporate Debtor failed to pay the outstanding amount, leading to the Operational Creditor sending multiple reminders and notices.
BVC Tradeport Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Salebhai Internet Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor provides outsourced logistic services through its website www.vamaship.com. The Corporate Debtor is an e-commerce portal offering various products. A service agreement was established on 31.08.2016, where the Operational Creditor would deliver products to the Corporate Debtor's customers. The Corporate Debtor failed to pay the outstanding amount of Rs. 7,00,297/-, which included interest and legal costs. The Operational Creditor sent a letter on 30.11.2017, claiming Rs. 6,23,134.30/-, to which the
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The Corporate Debtor entered into a service…
The Operational Creditor…
BVC Tradeport Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Salebhai Internet Limited, the Corporate Debtor, due to a default of Rs. 7,00,297/-. The Operational Creditor provides outsourced logistic services, while the Corporate Debtor is an e-commerce portal. A service agreement was entered into between the parties on 31.08.2016, for the Operational Creditor to deliver products to the Corporate Debtor's customers. The Corporate Debtor failed to pay the outstanding amount, leading to the Operational Creditor sending multiple reminders and notices.
BVC Tradeport Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Salebhai Internet Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor provides outsourced logistic services through its website www.vamaship.com. The Corporate Debtor is an e-commerce portal offering various products. A service agreement was established on 31.08.2016, where the Operational Creditor would deliver products to the Corporate Debtor's customers. The Corporate Debtor failed to pay the outstanding amount of Rs. 7,00,297/-, which included interest and legal costs. The Operational Creditor sent a letter on 30.11.2017, claiming Rs. 6,23,134.30/-, to which the
…The Corporate Debtor entered into a service…
The Operational Creditor…