Hellmann Worldwide Logistics India Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sea Air Consolidators India Private Limited, the corporate debtor, due to an outstanding debt of Rs. 93,71,138. The debt arose from unpaid invoices for freight forwarding and logistics services provided by the operational creditor since 2007. The corporate debtor failed to make payments despite repeated requests, and the operational creditor issued a demand notice under Section 8(1) of the IBC, 2016, which went unanswered.
Hellmann Worldwide Logistics India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Sea Air Consolidators India Private Limited (Corporate Debtor). The application was based on an alleged default of Rs. 93,71,138/- for freight forwarding and logistics services. The Operational Creditor has been providing services since 2007. The Corporate Debtor defaulted on payments after 17.09.2016. The Operational Creditor issued a demand notice on 14.12.2017 under Section 8 of the IBC, 2016, which was duly served. The Corporate Debtor did not raise any dispute regarding the debt or the quality of services. The Corporate Debtor failed to appear before the court despite opportunities. The
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The Corporate Debtor…
The last invoice raised…
Hellmann Worldwide Logistics India Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sea Air Consolidators India Private Limited, the corporate debtor, due to an outstanding debt of Rs. 93,71,138. The debt arose from unpaid invoices for freight forwarding and logistics services provided by the operational creditor since 2007. The corporate debtor failed to make payments despite repeated requests, and the operational creditor issued a demand notice under Section 8(1) of the IBC, 2016, which went unanswered.
Hellmann Worldwide Logistics India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Sea Air Consolidators India Private Limited (Corporate Debtor). The application was based on an alleged default of Rs. 93,71,138/- for freight forwarding and logistics services. The Operational Creditor has been providing services since 2007. The Corporate Debtor defaulted on payments after 17.09.2016. The Operational Creditor issued a demand notice on 14.12.2017 under Section 8 of the IBC, 2016, which was duly served. The Corporate Debtor did not raise any dispute regarding the debt or the quality of services. The Corporate Debtor failed to appear before the court despite opportunities. The
…The Corporate Debtor…
The last invoice raised…