NCLT Admits Insolvency Plea Due to Non-Payment Despite Service Completion

Martin Consulting LLC Vs Bird ExecuJet Airport Services Private Limited (NCLT Chandigarh) The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“Code”) was filed by Martin Consulting LLC (“Operational Creditor”) against Bird ExecuJet Airport Services Private Limited (“Corporate Debtor”) seeking initiation of the Corporate Insolvency Resolution Process (“CIRP”) for an operational debt of ₹54,03,581 inclusive of GST and net of TDS, along with 15% interest. The default was stated to have occurred in February 2019 upon completion of the Consulting Agreement d...