M/s. TCI International Logistics GMBH, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Logistics Linkage India Private Limited, the Corporate Debtor, due to unpaid operational debt. The Operational Creditor claimed that it provided air freight services from Frankfurt, Germany, to Delhi, India, and the Corporate Debtor failed to pay for these services. The application was filed due to the Corporate Debtor's failure to make payments against invoices issued between December 2018 and February 2019.
M/s. TCI International Logistics GMBH (Operational Creditor) provided air freight services to M/s. Logistics Linkage India Private Limited (Corporate Debtor) for shipments from Frankfurt, Germany, to Delhi, India. The Operational Creditor issued invoices for these services between December 2018 and February 2019. The Corporate Debtor failed to make payments against these invoices, resulting in an outstanding operational debt of Rs. 4,32,967/-. The Operational Creditor issued a demand notice on 04.12.2019 under Section 8 of the IBC, 2016. The Corporate Debtor claimed a pre-existing dispute regarding the service and timely delivery of goods. However, the Corporate Debtor admitted its liability in an email dated 17.12.2019. The authorized share capital of the Corporate
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The Operational Creditor issued invoices to…
The Operational Creditor issued a demand notice…
M/s. TCI International Logistics GMBH, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Logistics Linkage India Private Limited, the Corporate Debtor, due to unpaid operational debt. The Operational Creditor claimed that it provided air freight services from Frankfurt, Germany, to Delhi, India, and the Corporate Debtor failed to pay for these services. The application was filed due to the Corporate Debtor's failure to make payments against invoices issued between December 2018 and February 2019.
M/s. TCI International Logistics GMBH (Operational Creditor) provided air freight services to M/s. Logistics Linkage India Private Limited (Corporate Debtor) for shipments from Frankfurt, Germany, to Delhi, India. The Operational Creditor issued invoices for these services between December 2018 and February 2019. The Corporate Debtor failed to make payments against these invoices, resulting in an outstanding operational debt of Rs. 4,32,967/-. The Operational Creditor issued a demand notice on 04.12.2019 under Section 8 of the IBC, 2016. The Corporate Debtor claimed a pre-existing dispute regarding the service and timely delivery of goods. However, the Corporate Debtor admitted its liability in an email dated 17.12.2019. The authorized share capital of the Corporate
…The Operational Creditor issued invoices to…
The Operational Creditor issued a demand notice…