The bankruptcy court has admitted Mumbai-based First Flight Couriers under the corporate insolvency resolution process (CIRP) and appointed Indrajit Mukherjee as the company’s interim resolution professional (IRP).
The Mumbai bench of the National Company Law Tribunal (NCLT), while admitting the petition filed by the operational creditor of First Flight Couriers, observed that the counsel for the corporate debtor has made a submission that they are unable to repay the dues and also admits the liability as well as default.
The courier company’s operational creditor Srinidhi Comprint had approached the tribunal after it failed to repay its dues of about Rs 1.44 crore.
Srinidhi Comprint is a company engaged in the business of printing supplied goods including courier slips and PP woven fabric sack among other things to the First Flight Couriers between June 2018 and March 2019.
Source: Economic Times