The case involves a petition filed by Ajay Singh @ Ajay Chauhan, Proprietor of Galaxy Logistics Services, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Trim India Private Limited for an alleged default of Rs. 96,66,919/-. Galaxy Logistics Services provided courier and transportation services to Trim India. The corporate debtor allegedly defaulted on payments, leading to the operational creditor filing the petition. The corporate debtor acknowledged the invoices raised by the operational creditor but later disputed the rates and raised debit notes. The operational creditor withdrew the initial demand notice and issued a fresh one after rectifying an inadvertence.
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/-. Galaxy Logistics provided courier and transportation services to Trim India from 2014-2015. The corporate debtor, Trim India, approached the applicant for courier and transportation services. The operational creditor claims that the corporate debtor acknowledged the invoices raised but failed to make timely payments. The corporate debtor, represented by Mr. Rakesh Sood, initially made a partial payment of Rs. 25,00,000/- from his personal account. However, relations soured in August 2019, with the corporate debtor disputing the rates and threatening to issue debit notes. The operational
…Sign in to view the parties.
Galaxy Logistics Services started providing…
The operational creditor…
The case involves a petition filed by Ajay Singh @ Ajay Chauhan, Proprietor of Galaxy Logistics Services, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Trim India Private Limited for an alleged default of Rs. 96,66,919/-. Galaxy Logistics Services provided courier and transportation services to Trim India. The corporate debtor allegedly defaulted on payments, leading to the operational creditor filing the petition. The corporate debtor acknowledged the invoices raised by the operational creditor but later disputed the rates and raised debit notes. The operational creditor withdrew the initial demand notice and issued a fresh one after rectifying an inadvertence.
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/-. Galaxy Logistics provided courier and transportation services to Trim India from 2014-2015. The corporate debtor, Trim India, approached the applicant for courier and transportation services. The operational creditor claims that the corporate debtor acknowledged the invoices raised but failed to make timely payments. The corporate debtor, represented by Mr. Rakesh Sood, initially made a partial payment of Rs. 25,00,000/- from his personal account. However, relations soured in August 2019, with the corporate debtor disputing the rates and threatening to issue debit notes. The operational
…Galaxy Logistics Services started providing…
The operational creditor…