First Flight Couriers to go through Corporate Insolvency Resolution Process

6 Oct 2022 , 07:55 AM

First Flight Couriers, situated in Mumbai, has been accepted into the corporate insolvency resolution process (CIRP) by the bankruptcy court, and Indrajit Mukherjee has been named the firm’s interim resolution professional (IRP).

When the Mumbai bench of the National Company Law Tribunal (NCLT) accepted the petition submitted by First Flight Couriers’ operational creditor, they noted that the corporate debtor’s attorney had claimed they were unable to pay their debts and had also admitted liability and default.

When the courier company’s operational creditor Srinidhi Comprint failed to collect approximately Rs1.44 crore in debt, it filed a complaint with the tribunal.

Between June 2018 and March 2019, Srinidhi Comprint, a company in the printing industry, provided First Flight Couriers with products such as courier slips and PP woven fabric bags.

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