This is an application filed by Air India Limited, the Operational Creditor/Applicant, under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Sovika Aviation Services Private Limited, Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claims a total debt of Rs. 4,43,29,384/- as of 31.12.2021, comprising a principal amount of Rs. 2,54,26,535/- and interest of Rs. 1,89,02,849/-. The dates of default are 19.10.2017 and 03.12.2019, relating to invoices for cargo handling services for Go Air and Vistara. The Corporate Debtor, the sole Cargo Agent of M/s Go Airlines (India) Ltd and Tata SIA Airlines Limited (Vistara), had an agreement with the Operational Creditor for X-Ray screening of
…Air India Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sovika Aviation Services Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The claim was based on unpaid invoices for X-ray screening services provided by Air India to Sovika Aviation Services at Pune Airport, under agreements dated 09.04.2015 and 16.07.2016. The total debt claimed was Rs. 4,43,29,384 as of 31.12.2021, including principal and interest. The dates of default were 19.10.2017 and 03.12.2019. Air India sent reminder emails for non-payment. Sovika Aviation Services argued that there was a pre-existing dispute, certain invoices were not received, and the claim was barred by
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Corporate Debtor entered into an agreement…
Corporate Debtor entered into an agreement…
This is an application filed by Air India Limited, the Operational Creditor/Applicant, under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Sovika Aviation Services Private Limited, Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claims a total debt of Rs. 4,43,29,384/- as of 31.12.2021, comprising a principal amount of Rs. 2,54,26,535/- and interest of Rs. 1,89,02,849/-. The dates of default are 19.10.2017 and 03.12.2019, relating to invoices for cargo handling services for Go Air and Vistara. The Corporate Debtor, the sole Cargo Agent of M/s Go Airlines (India) Ltd and Tata SIA Airlines Limited (Vistara), had an agreement with the Operational Creditor for X-Ray screening of
…Air India Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sovika Aviation Services Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The claim was based on unpaid invoices for X-ray screening services provided by Air India to Sovika Aviation Services at Pune Airport, under agreements dated 09.04.2015 and 16.07.2016. The total debt claimed was Rs. 4,43,29,384 as of 31.12.2021, including principal and interest. The dates of default were 19.10.2017 and 03.12.2019. Air India sent reminder emails for non-payment. Sovika Aviation Services argued that there was a pre-existing dispute, certain invoices were not received, and the claim was barred by
…Corporate Debtor entered into an agreement…
Corporate Debtor entered into an agreement…