The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by T&D Hospitality India LLP (Operational Creditor) against Explo Media Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor failed to pay an outstanding operational debt of Rs. 14,57,360/- along with interest at 18% per annum. The debt arose from the supply of headrest covers to Air India Limited, as per the instructions of the Corporate Debtor. The Corporate Debtor contested the application, alleging a pre-existing dispute regarding the quality of the supplied goods and disputing the service of the statutory demand notice.
T&D Hospitality India LLP (Operational Creditor) filed a petition against Explo Media Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for an unpaid operational debt. The debt of Rs. 14,57,360/- plus interest arose from the supply of headrest covers to Air India Limited, as per the Corporate Debtor's instructions. The Operational Creditor claimed that the Corporate Debtor failed to pay the outstanding amount despite the supply of goods. The Corporate Debtor argued that there was a pre-existing dispute regarding the quality of the supplied goods and that the demand notice was not properly served. The Corporate Debtor claimed that the goods supplied were defective, leading to complaints from their clients, including
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Around February-March 2018, the Corporate…
Air India Limited issued a letter of Authority…
The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by T&D Hospitality India LLP (Operational Creditor) against Explo Media Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor failed to pay an outstanding operational debt of Rs. 14,57,360/- along with interest at 18% per annum. The debt arose from the supply of headrest covers to Air India Limited, as per the instructions of the Corporate Debtor. The Corporate Debtor contested the application, alleging a pre-existing dispute regarding the quality of the supplied goods and disputing the service of the statutory demand notice.
T&D Hospitality India LLP (Operational Creditor) filed a petition against Explo Media Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for an unpaid operational debt. The debt of Rs. 14,57,360/- plus interest arose from the supply of headrest covers to Air India Limited, as per the Corporate Debtor's instructions. The Operational Creditor claimed that the Corporate Debtor failed to pay the outstanding amount despite the supply of goods. The Corporate Debtor argued that there was a pre-existing dispute regarding the quality of the supplied goods and that the demand notice was not properly served. The Corporate Debtor claimed that the goods supplied were defective, leading to complaints from their clients, including
…Around February-March 2018, the Corporate…
Air India Limited issued a letter of Authority…