Trux App Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Safe Cargo Movers Private Limited, alleging failure to pay a sum of Rs. 81,65,861. The operational creditor provided transportation services to the corporate debtor, raising invoices between December 6, 2016, and July 4, 2017. The corporate debtor made a partial payment on October 9, 2017, but the outstanding dues remained uncleared. A statutory demand notice was issued on April 7, 2019, and delivered on May 15, 2019, to which the corporate debtor replied, claiming the notice was invalid and incomplete.
Trux App Private Limited (Operational Creditor) provided transportation services to Safe Cargo Movers Private Limited (Corporate Debtor) between December 6, 2016, and July 4, 2017. The Corporate Debtor failed to pay Rs. 81,65,861 for these services, with the date of default being October 10, 2017. The Operational Creditor issued a statutory demand notice on April 7, 2019, which was delivered on May 15, 2019. The Corporate Debtor responded on May 23, 2019, claiming the notice was invalid. The Corporate Debtor was set ex-parte for failing to file a reply. The Corporate Debtor had acknowledged the debt in an email dated February 11, 2017, promising payment. The application was filed on July 25, 2019. The authorized share capital of the Corporate Debtor is Rs. 2,50,00,000
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Operational Creditor raised invoices for…
Operational Creditor raised invoices for…
Trux App Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Safe Cargo Movers Private Limited, alleging failure to pay a sum of Rs. 81,65,861. The operational creditor provided transportation services to the corporate debtor, raising invoices between December 6, 2016, and July 4, 2017. The corporate debtor made a partial payment on October 9, 2017, but the outstanding dues remained uncleared. A statutory demand notice was issued on April 7, 2019, and delivered on May 15, 2019, to which the corporate debtor replied, claiming the notice was invalid and incomplete.
Trux App Private Limited (Operational Creditor) provided transportation services to Safe Cargo Movers Private Limited (Corporate Debtor) between December 6, 2016, and July 4, 2017. The Corporate Debtor failed to pay Rs. 81,65,861 for these services, with the date of default being October 10, 2017. The Operational Creditor issued a statutory demand notice on April 7, 2019, which was delivered on May 15, 2019. The Corporate Debtor responded on May 23, 2019, claiming the notice was invalid. The Corporate Debtor was set ex-parte for failing to file a reply. The Corporate Debtor had acknowledged the debt in an email dated February 11, 2017, promising payment. The application was filed on July 25, 2019. The authorized share capital of the Corporate Debtor is Rs. 2,50,00,000
…Operational Creditor raised invoices for…
Operational Creditor raised invoices for…