Sindhu Cargo Services Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Wipro Limited, the corporate debtor, due to an alleged default of Rs. 41,52,470/-. The operational creditor claimed that Wipro had defaulted on payments for logistic services provided until 17.09.2014. The corporate debtor contested the petition, arguing that the claim was time-barred, there was a pre-existing dispute, and all dues had been cleared.
Sindhu Cargo Services Private Limited (Operational Creditor) filed a petition against Wipro Limited (Corporate Debtor) under Section 9 of the IBC, claiming a default of Rs. 41,52,470/- for logistic services. Sindhu Cargo claimed to have provided services until 17.09.2014, with the last payment received on 24.01.2017. A demand notice was issued on 02.01.2020. Wipro contested the claim, stating it was time-barred, a pre-existing dispute existed, and all dues had been cleared. Wipro presented email correspondence indicating that payments had been made and adjusted against outstanding invoices, including a deduction of Rs. 14,73,569/- for desktop purchases. Wipro also argued that the claim was time-barred as the cause of action arose more than three years before the
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Sindhu Cargo Services…
Sindhu Cargo Services…
Sindhu Cargo Services Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Wipro Limited, the corporate debtor, due to an alleged default of Rs. 41,52,470/-. The operational creditor claimed that Wipro had defaulted on payments for logistic services provided until 17.09.2014. The corporate debtor contested the petition, arguing that the claim was time-barred, there was a pre-existing dispute, and all dues had been cleared.
Sindhu Cargo Services Private Limited (Operational Creditor) filed a petition against Wipro Limited (Corporate Debtor) under Section 9 of the IBC, claiming a default of Rs. 41,52,470/- for logistic services. Sindhu Cargo claimed to have provided services until 17.09.2014, with the last payment received on 24.01.2017. A demand notice was issued on 02.01.2020. Wipro contested the claim, stating it was time-barred, a pre-existing dispute existed, and all dues had been cleared. Wipro presented email correspondence indicating that payments had been made and adjusted against outstanding invoices, including a deduction of Rs. 14,73,569/- for desktop purchases. Wipro also argued that the claim was time-barred as the cause of action arose more than three years before the
…Sindhu Cargo Services…
Sindhu Cargo Services…