Skyways Technics A/s, an operational creditor, filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Air Pegasus Private Limited, the corporate debtor, due to a default of USD 1,51,387.36. The debt arose from the sale of aircraft spare parts. The corporate debtor denied the debt, claiming disputes over the genuineness and authenticity of the services.
Skyways Technics A/s (Operational Creditor) filed C.P.(IB)No.180/BB/2018 under Section 9 of the IBC, 2016, against M/s. Air Pegasus Private Limited (Corporate Debtor) for a default of USD 1,51,387.36. The debt arose from the sale of aircraft spare parts based on multiple purchase orders and invoices. The Operational Creditor issued a demand notice on 11.07.2017. The Corporate Debtor replied on 17.07.2017, denying the debt and claiming disputes. The Corporate Debtor had made a partial payment of USD 40,000.00 against the total outstanding of USD 1,91,387.36. The Corporate Debtor's operations were suspended on 27.07.2016, and its flying license was suspended on 22.11.2016. The Operational Creditor claimed interest at 24% p.a. on the delayed payments. The Corporate Debtor
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Skyways Techn…
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Skyways Technics A/s, an operational creditor, filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Air Pegasus Private Limited, the corporate debtor, due to a default of USD 1,51,387.36. The debt arose from the sale of aircraft spare parts. The corporate debtor denied the debt, claiming disputes over the genuineness and authenticity of the services.
Skyways Technics A/s (Operational Creditor) filed C.P.(IB)No.180/BB/2018 under Section 9 of the IBC, 2016, against M/s. Air Pegasus Private Limited (Corporate Debtor) for a default of USD 1,51,387.36. The debt arose from the sale of aircraft spare parts based on multiple purchase orders and invoices. The Operational Creditor issued a demand notice on 11.07.2017. The Corporate Debtor replied on 17.07.2017, denying the debt and claiming disputes. The Corporate Debtor had made a partial payment of USD 40,000.00 against the total outstanding of USD 1,91,387.36. The Corporate Debtor's operations were suspended on 27.07.2016, and its flying license was suspended on 22.11.2016. The Operational Creditor claimed interest at 24% p.a. on the delayed payments. The Corporate Debtor
…Skyways Techn…
The Petitioner executed…