AS Technosoft Pvt. Ltd. ('Operational Creditor') filed an appeal against the order dated November 3, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, New Delhi. The application was preferred by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiation of ‘Corporate Insolvency Resolution Process' against the Respondent- M/s. Goldsquare Sales India Pvt. Ltd. (‘Corporate Debtor'). The application was rejected on the ground of ‘existence of dispute'.
AS Technosoft Pvt. Ltd. ('Operational Creditor') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Goldsquare Sales India Pvt. Ltd. ('Corporate Debtor'). The Adjudicating Authority rejected the application due to the 'existence of a dispute'. AS Technosoft appealed this decision. The dispute arose from an agreement for sending e-mails, where Goldsquare Sales claimed substandard service. Goldsquare Sales issued an Advocate notice on August 29, 2017, alleging breach of contract and excess payment by AS Technosoft. AS Technosoft argued the dispute was raised only after a notice issued on September 8, 2017. Goldsquare Sales provided e-mail evidence showing a significant percentage
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Respondent issued an Advocate notice to…
Appellant claimed…
AS Technosoft Pvt. Ltd. ('Operational Creditor') filed an appeal against the order dated November 3, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, New Delhi. The application was preferred by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiation of ‘Corporate Insolvency Resolution Process' against the Respondent- M/s. Goldsquare Sales India Pvt. Ltd. (‘Corporate Debtor'). The application was rejected on the ground of ‘existence of dispute'.
AS Technosoft Pvt. Ltd. ('Operational Creditor') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Goldsquare Sales India Pvt. Ltd. ('Corporate Debtor'). The Adjudicating Authority rejected the application due to the 'existence of a dispute'. AS Technosoft appealed this decision. The dispute arose from an agreement for sending e-mails, where Goldsquare Sales claimed substandard service. Goldsquare Sales issued an Advocate notice on August 29, 2017, alleging breach of contract and excess payment by AS Technosoft. AS Technosoft argued the dispute was raised only after a notice issued on September 8, 2017. Goldsquare Sales provided e-mail evidence showing a significant percentage
…Respondent issued an Advocate notice to…
Appellant claimed…