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 alleged default. The operational creditor claimed an outstanding balance of Rs. 93,71,138/- for freight forwarding services. The corporate debtor failed to pay its dues despite repeated requests and a demand notice issued under Section 8(1) of the IBC, 2016. The corporate debtor did not raise any objections or disputes regarding the operational debt.
Hellmann Worldwide Logistics India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Sea Air Consolidators India Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments amounting to Rs. 93,71,138/- for freight forwarding services. The Operational Creditor had been providing services to the Corporate Debtor since 2007. The Corporate Debtor made payments until 17.09.2016, after which defaults occurred. The Operational Creditor issued a demand notice under Section 8(1) of the IBC, 2016, which was duly served. The Corporate Debtor did not raise any objections or disputes
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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 alleged default. The operational creditor claimed an outstanding balance of Rs. 93,71,138/- for freight forwarding services. The corporate debtor failed to pay its dues despite repeated requests and a demand notice issued under Section 8(1) of the IBC, 2016. The corporate debtor did not raise any objections or disputes regarding the operational debt.
Hellmann Worldwide Logistics India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Sea Air Consolidators India Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments amounting to Rs. 93,71,138/- for freight forwarding services. The Operational Creditor had been providing services to the Corporate Debtor since 2007. The Corporate Debtor made payments until 17.09.2016, after which defaults occurred. The Operational Creditor issued a demand notice under Section 8(1) of the IBC, 2016, which was duly served. The Corporate Debtor did not raise any objections or disputes
…The Corporate Debtor…
The last invoice raised…