LCL Logistix (India) Pvt. Ltd. filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Eashkrupa Shipping & Logistics India Private Limited, alleging default in payment. The Corporate Debtor allegedly failed to pay Rs. 2,13,89,662.85/- to the Petitioner. The Operational Creditor, LCL Logistix, is engaged in the business of sea freight, air freight, container freight, warehousing, and related logistics services. The Corporate Debtor approached the Applicant for transportation services, and the Applicant provided services and raised invoices. The Corporate Debtor made part payments via cheques, which were later dishonored with the remark 'Payment Stopped by
…LCL Logistix (India) Pvt. Ltd., the Operational Creditor, filed a petition against Eashkrupa Shipping & Logistics India Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided freight and logistics services to the Corporate Debtor, raising invoices for these services. The Corporate Debtor made partial payments through cheques, which were subsequently dishonored due to 'Payment Stopped by Drawer'. The total outstanding amount claimed by the Operational Creditor is Rs. 2,13,89,662.85/-. The Operational Creditor initiated proceedings under Section 138 of the Negotiable Instruments Act due to the dishonored cheques. The Corporate Debtor, in response to demand notices, admitted to issuing the
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LCL Logistix (India) Pvt. Ltd. filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Eashkrupa Shipping & Logistics India Private Limited, alleging default in payment. The Corporate Debtor allegedly failed to pay Rs. 2,13,89,662.85/- to the Petitioner. The Operational Creditor, LCL Logistix, is engaged in the business of sea freight, air freight, container freight, warehousing, and related logistics services. The Corporate Debtor approached the Applicant for transportation services, and the Applicant provided services and raised invoices. The Corporate Debtor made part payments via cheques, which were later dishonored with the remark 'Payment Stopped by
…LCL Logistix (India) Pvt. Ltd., the Operational Creditor, filed a petition against Eashkrupa Shipping & Logistics India Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided freight and logistics services to the Corporate Debtor, raising invoices for these services. The Corporate Debtor made partial payments through cheques, which were subsequently dishonored due to 'Payment Stopped by Drawer'. The total outstanding amount claimed by the Operational Creditor is Rs. 2,13,89,662.85/-. The Operational Creditor initiated proceedings under Section 138 of the Negotiable Instruments Act due to the dishonored cheques. The Corporate Debtor, in response to demand notices, admitted to issuing the
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