M/s. C.H. Robinson Worldwide Freight India Private Limited filed C.P. (IB) No.188/BB/2018 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process against M/s. Supreme Overseas Exports India Private Limited, alleging a default of Rs.89,27,347/-. The case was listed for admission on various dates, and adjourned at the request of parties to explore settlement possibilities.
M/s. C.H. Robinson Worldwide Freight India Private Limited (Operational Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Supreme Overseas Exports India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, due to an alleged default of Rs. 89,27,347. The case was listed for admission on multiple dates and adjourned to facilitate settlement discussions. The parties subsequently reached a settlement agreement dated 2019-12-05, wherein the Corporate Debtor agreed to pay Rs. 86,00,000 to the Operational Creditor, including amounts payable under freight forwarding, customs invoices, and warehousing charges. The settlement was conditional upon the Corporate Debtor clearing all goods stored in the
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M/s. C.H. Robinson Worldwide Freight India Private Limited filed C.P. (IB) No.188/BB/2018 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process against M/s. Supreme Overseas Exports India Private Limited, alleging a default of Rs.89,27,347/-. The case was listed for admission on various dates, and adjourned at the request of parties to explore settlement possibilities.
M/s. C.H. Robinson Worldwide Freight India Private Limited (Operational Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Supreme Overseas Exports India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, due to an alleged default of Rs. 89,27,347. The case was listed for admission on multiple dates and adjourned to facilitate settlement discussions. The parties subsequently reached a settlement agreement dated 2019-12-05, wherein the Corporate Debtor agreed to pay Rs. 86,00,000 to the Operational Creditor, including amounts payable under freight forwarding, customs invoices, and warehousing charges. The settlement was conditional upon the Corporate Debtor clearing all goods stored in the
…The case was i…
The case was li…