The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against YSG Cabs And Logistics Private Limited. Overseas Packaging Industries Private Limited, the applicant, claimed that YSG Cabs defaulted on payments for services provided under a Business Centre Agreement and Amenities Agreement. These services included leasing office premises, providing furniture, fixtures, interior decorations, and air-conditioning at various locations. The applicant issued a demand notice under Section 8 of the Code when full payments were not made. The corporate
…Overseas Packaging Industries Private Limited (Operational Creditor) provided temporary office/commercial premises and amenities to YSG Cabs And Logistics Private Limited (Corporate Debtor) under a Business Centre Agreement dated 2016-04-16 and an Amenities Agreement. The services included leasing premises, providing furniture, fixtures, interior decorations, and air-conditioning at various locations including Kolkata, Bhubaneswar, Guwahati, Ranchi, Lucknow, Chennai, Bangalore, Pune, and Mumbai. The Operational Creditor raised invoices for these services, which were to be paid within 7 days of the month, with an 18% per annum interest penalty for delayed payments. The Corporate Debtor allegedly failed to make payments, leading to outstanding dues of Rs. 2,30,12,045/-
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Date of the Business Centre Agreement between…
Overseas Packaging Industries Private Limited…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against YSG Cabs And Logistics Private Limited. Overseas Packaging Industries Private Limited, the applicant, claimed that YSG Cabs defaulted on payments for services provided under a Business Centre Agreement and Amenities Agreement. These services included leasing office premises, providing furniture, fixtures, interior decorations, and air-conditioning at various locations. The applicant issued a demand notice under Section 8 of the Code when full payments were not made. The corporate
…Overseas Packaging Industries Private Limited (Operational Creditor) provided temporary office/commercial premises and amenities to YSG Cabs And Logistics Private Limited (Corporate Debtor) under a Business Centre Agreement dated 2016-04-16 and an Amenities Agreement. The services included leasing premises, providing furniture, fixtures, interior decorations, and air-conditioning at various locations including Kolkata, Bhubaneswar, Guwahati, Ranchi, Lucknow, Chennai, Bangalore, Pune, and Mumbai. The Operational Creditor raised invoices for these services, which were to be paid within 7 days of the month, with an 18% per annum interest penalty for delayed payments. The Corporate Debtor allegedly failed to make payments, leading to outstanding dues of Rs. 2,30,12,045/-
…Date of the Business Centre Agreement between…
Overseas Packaging Industries Private Limited…