The case pertains to a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by M/S Bhawani Enterprises, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s. Logicash Solutions Pvt. Ltd, the Corporate Debtor. The petition was filed on 2021-08-11, claiming an amount of Rs. 1,64,16,651/- due as of 2021-06-30, comprising a principal amount of Rs. 1,26,61,928/- and interest of Rs. 37,54,723/-. The date of default specified in the petition is 2019-06-02.
M/S Bhawani Enterprises, the Operational Creditor, filed a petition under Section 9 of the IBC against M/s. Logicash Solutions Pvt. Ltd, the Corporate Debtor, for defaulting on a payment of Rs. 1,64,16,651/-. This amount included a principal of Rs. 1,26,61,928/- and interest of Rs. 37,54,723/-, as of 2021-06-30. The default date was 2019-06-02. The Operational Creditor and Corporate Debtor had an agreement dated 2014-04-09 for vehicle hire and fleet management services. The Operational Creditor provided services, and invoices were raised between 2019-02-18 and 2019-12-26. The Corporate Debtor paid Rs. 33,76,132/- but failed to pay the remaining amount. The Corporate Debtor acknowledged the outstanding dues in an email dated 2020-09-22, committing to clear them. The
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Operational Creditor and Corporate Debtor…
Invoices were raised by…
The case pertains to a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by M/S Bhawani Enterprises, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s. Logicash Solutions Pvt. Ltd, the Corporate Debtor. The petition was filed on 2021-08-11, claiming an amount of Rs. 1,64,16,651/- due as of 2021-06-30, comprising a principal amount of Rs. 1,26,61,928/- and interest of Rs. 37,54,723/-. The date of default specified in the petition is 2019-06-02.
M/S Bhawani Enterprises, the Operational Creditor, filed a petition under Section 9 of the IBC against M/s. Logicash Solutions Pvt. Ltd, the Corporate Debtor, for defaulting on a payment of Rs. 1,64,16,651/-. This amount included a principal of Rs. 1,26,61,928/- and interest of Rs. 37,54,723/-, as of 2021-06-30. The default date was 2019-06-02. The Operational Creditor and Corporate Debtor had an agreement dated 2014-04-09 for vehicle hire and fleet management services. The Operational Creditor provided services, and invoices were raised between 2019-02-18 and 2019-12-26. The Corporate Debtor paid Rs. 33,76,132/- but failed to pay the remaining amount. The Corporate Debtor acknowledged the outstanding dues in an email dated 2020-09-22, committing to clear them. The
…Operational Creditor and Corporate Debtor…
Invoices were raised by…