CEVA Logistics India Pvt. Ltd. filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sapura Engineering & Constructions (India) Pvt. Ltd., seeking to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on an operational debt of Rs. 2,25,40,707.31/-, with the date of default stated to be from 27.11.2020 to 20.01.2022. Demand notices were issued but not replied to. The Operational Creditor initially filed a petition against Sapura Fabrication SDN BHD, the holding company, but it was not registered due to the inability to provide the CIN number of the holding company. The present petition was then filed against the group company, Sapura Engineering & Construction (India) Pvt. Ltd.
CEVA Logistics India Pvt. Ltd. (Operational Creditor) provided carrier services to Sapura Fabrication SDN BHD (Holding Company). The services included air and sea shipments. Invoices were issued from September 28, 2020, to August 27, 2021, but remained unpaid. The Operational Creditor sent demand notices, but received no reply. The Holding Company acknowledged the debt via email on December 3, 2021, stating that the invoices were uploaded in their system. The initial petition against the Holding Company was not registered due to the lack of a CIN number. The present petition was filed against Sapura Engineering & Constructions (India) Pvt. Ltd. (Corporate Debtor), a group company of the Holding Company. The Corporate Debtor denied the claims, stating no privity of
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The date of default is…
Demand Notice dated…
CEVA Logistics India Pvt. Ltd. filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sapura Engineering & Constructions (India) Pvt. Ltd., seeking to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on an operational debt of Rs. 2,25,40,707.31/-, with the date of default stated to be from 27.11.2020 to 20.01.2022. Demand notices were issued but not replied to. The Operational Creditor initially filed a petition against Sapura Fabrication SDN BHD, the holding company, but it was not registered due to the inability to provide the CIN number of the holding company. The present petition was then filed against the group company, Sapura Engineering & Construction (India) Pvt. Ltd.
CEVA Logistics India Pvt. Ltd. (Operational Creditor) provided carrier services to Sapura Fabrication SDN BHD (Holding Company). The services included air and sea shipments. Invoices were issued from September 28, 2020, to August 27, 2021, but remained unpaid. The Operational Creditor sent demand notices, but received no reply. The Holding Company acknowledged the debt via email on December 3, 2021, stating that the invoices were uploaded in their system. The initial petition against the Holding Company was not registered due to the lack of a CIN number. The present petition was filed against Sapura Engineering & Constructions (India) Pvt. Ltd. (Corporate Debtor), a group company of the Holding Company. The Corporate Debtor denied the claims, stating no privity of
…The date of default is…
Demand Notice dated…