The case involves a petition filed by Ajay Singh @ Ajay Chauhan, Proprietor of Galaxy Logistics Services, seeking to initiate CIRP against Trim India Private Limited for alleged default in settling an amount of Rs. 96,66,919/- including interest. Galaxy Logistics Services provided freight forwarding services to Trim India Private Limited. A dispute arose regarding excess billing and the rates charged for the services. The operational creditor claims that the corporate debtor acknowledged the debt and made partial payments, while the corporate debtor alleges excess billing and a pending dispute.
Ajay Singh @ Ajay Chauhan, operating as Galaxy Logistics Services, filed a petition to initiate CIRP against Trim India Private Limited for defaulting on a payment of Rs. 96,66,919, which included interest. Galaxy Logistics provided courier and transportation services to Trim India from 2014-15. The corporate debtor, Trim India, allegedly acknowledged the invoices raised by the operational creditor. However, a dispute arose regarding the rates charged for the services. The corporate debtor issued debit notes amounting to Rs. 1,01,23,915, claiming excess charges. The operational creditor withdrew the initial demand notice but issued another one after rectifying an inadvertence. The corporate debtor refuted the operational creditor's claim, alleging excess billing and a
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The case involves a petition filed by Ajay Singh @ Ajay Chauhan, Proprietor of Galaxy Logistics Services, seeking to initiate CIRP against Trim India Private Limited for alleged default in settling an amount of Rs. 96,66,919/- including interest. Galaxy Logistics Services provided freight forwarding services to Trim India Private Limited. A dispute arose regarding excess billing and the rates charged for the services. The operational creditor claims that the corporate debtor acknowledged the debt and made partial payments, while the corporate debtor alleges excess billing and a pending dispute.
Ajay Singh @ Ajay Chauhan, operating as Galaxy Logistics Services, filed a petition to initiate CIRP against Trim India Private Limited for defaulting on a payment of Rs. 96,66,919, which included interest. Galaxy Logistics provided courier and transportation services to Trim India from 2014-15. The corporate debtor, Trim India, allegedly acknowledged the invoices raised by the operational creditor. However, a dispute arose regarding the rates charged for the services. The corporate debtor issued debit notes amounting to Rs. 1,01,23,915, claiming excess charges. The operational creditor withdrew the initial demand notice but issued another one after rectifying an inadvertence. The corporate debtor refuted the operational creditor's claim, alleging excess billing and a
…Galaxy Logistics Services started providing…
The operational…