This case involves an application filed by Bharat Road Carrier Pvt Ltd (Operational Creditor) against Rasna Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an operational debt of Rs. 71,27,442/- plus interest. The Corporate Debtor admitted to availing transportation services but claimed pre-existing disputes. The Operational Creditor issued a demand notice on 20.08.2018. The Corporate Debtor had also instituted a civil suit for damages before the Commercial Court at Ahmedabad, which was referred to mediation but failed due to the Operational Creditor's non-appearance.
Bharat Road Carrier Pvt Ltd (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against Rasna Pvt Ltd (Corporate Debtor) to initiate CIRP. The Operational Creditor claimed an operational debt of Rs. 71,27,442/- plus interest, arising from transportation services provided between April 2017 and August 2018. A demand notice was issued on 20.08.2018, and the Corporate Debtor acknowledged its receipt. The Corporate Debtor admitted to availing transportation services but claimed pre-existing disputes. The Corporate Debtor had instituted a civil suit for damages amounting to Rs.1.25 Crore before the Commercial Court at Ahmedabad, which was referred to mediation but failed. Email correspondence dated 10.08.2018 indicated an admission of debt by the
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This case involves an application filed by Bharat Road Carrier Pvt Ltd (Operational Creditor) against Rasna Pvt Ltd (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an operational debt of Rs. 71,27,442/- plus interest. The Corporate Debtor admitted to availing transportation services but claimed pre-existing disputes. The Operational Creditor issued a demand notice on 20.08.2018. The Corporate Debtor had also instituted a civil suit for damages before the Commercial Court at Ahmedabad, which was referred to mediation but failed due to the Operational Creditor's non-appearance.
Bharat Road Carrier Pvt Ltd (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against Rasna Pvt Ltd (Corporate Debtor) to initiate CIRP. The Operational Creditor claimed an operational debt of Rs. 71,27,442/- plus interest, arising from transportation services provided between April 2017 and August 2018. A demand notice was issued on 20.08.2018, and the Corporate Debtor acknowledged its receipt. The Corporate Debtor admitted to availing transportation services but claimed pre-existing disputes. The Corporate Debtor had instituted a civil suit for damages amounting to Rs.1.25 Crore before the Commercial Court at Ahmedabad, which was referred to mediation but failed. Email correspondence dated 10.08.2018 indicated an admission of debt by the
…The last invoi…
The due date…