According to news reports, DHL has filed a complaint at the National Company Law Tribunal (NCLT) against Eicher Motors, the company that makes Royal Enfield motorcycles, over a payment issue.
According to DHL, it raised numerous sets of invoices for warehousing and third-party logistics services it rendered to Eicher Motors during the financial year 2020—21. There are unpaid invoices of almost Rs10 crore.
Insolvency proceedings against the motorbike company have been requested. Next week, NCLT will hear the matter.
According to a statement from Eicher Motors to ET, “As of now, we have not received any communication from NCLT, and as a result, we are not in a position to comment on this topic.”
According to insolvency law, a company’s suppliers of goods and services are categorized as operational creditors.
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