The case involves an application filed by ASR Logistics India Pvt. Ltd., the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Leo Creations Pvt. Ltd., the Corporate Debtor, for defaulting on a payment of Rs. 6,47,780/- along with interest. The Operational Creditor claimed that the Corporate Debtor failed to make payments for services rendered, specifically customs clearing and freight forwarding. The Corporate Debtor disputed the claim, alleging that there was no written contract and that all payments had been made. The application was filed on 30.10.2019.
ASR Logistics India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Leo Creations Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 6,47,780/- along with interest, for services related to customs clearing and freight forwarding. The Operational Creditor had raised 10 invoices between 13.07.2016 and 31.10.2018 for an aggregate amount of Rs. 13,97,780/-. The Corporate Debtor made part payments of Rs. 7,50,000/-. The date of default was 07.11.2016. The Corporate Debtor argued that there was no written contract and that all payments had been made. The application was filed
…Sign in to view the parties.
Start date of the…
End date of the period…
The case involves an application filed by ASR Logistics India Pvt. Ltd., the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Leo Creations Pvt. Ltd., the Corporate Debtor, for defaulting on a payment of Rs. 6,47,780/- along with interest. The Operational Creditor claimed that the Corporate Debtor failed to make payments for services rendered, specifically customs clearing and freight forwarding. The Corporate Debtor disputed the claim, alleging that there was no written contract and that all payments had been made. The application was filed on 30.10.2019.
ASR Logistics India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Leo Creations Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 6,47,780/- along with interest, for services related to customs clearing and freight forwarding. The Operational Creditor had raised 10 invoices between 13.07.2016 and 31.10.2018 for an aggregate amount of Rs. 13,97,780/-. The Corporate Debtor made part payments of Rs. 7,50,000/-. The date of default was 07.11.2016. The Corporate Debtor argued that there was no written contract and that all payments had been made. The application was filed
…Start date of the…
End date of the period…