The case involves an appeal filed by the 'Corporate Debtor,' Web Date Systems Private Limited, against an order dated March 13, 2020, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, which admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Aithent Technologies Private Limited, the 'Operational Creditor.' The dispute arose from a lease agreement between the parties for premises in Gurgaon, Haryana. The Operational Creditor claimed unpaid operational debt, including rent and other charges, while the Corporate Debtor contended that there was a pre-existing dispute regarding the amount due and the terms of the lease.
Web Date Systems Private Limited (Corporate Debtor) entered into a lease agreement with Aithent Technologies Private Limited (Operational Creditor) on June 15, 2015, for premises in Gurgaon, Haryana. The lease covered both the ground floor and basement, with different commencement dates and rental rates for each. The ground floor was leased from July 2015 at Rs. 3,15,000 per month plus service tax, and the basement from January 2016 at Rs. 2,49,500 per month plus service tax. Security deposits were paid for both floors. A dispute arose regarding the terms of the lease, specifically concerning the vacation of the basement and the payment of rent. The Corporate Debtor expressed a willingness to vacate the basement in March 2018, but the Operational Creditor insisted on a
…Sign in to view the parties.
Web Date Systems Private Limited and Aithent…
Lease for the ground…
The case involves an appeal filed by the 'Corporate Debtor,' Web Date Systems Private Limited, against an order dated March 13, 2020, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, which admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Aithent Technologies Private Limited, the 'Operational Creditor.' The dispute arose from a lease agreement between the parties for premises in Gurgaon, Haryana. The Operational Creditor claimed unpaid operational debt, including rent and other charges, while the Corporate Debtor contended that there was a pre-existing dispute regarding the amount due and the terms of the lease.
Web Date Systems Private Limited (Corporate Debtor) entered into a lease agreement with Aithent Technologies Private Limited (Operational Creditor) on June 15, 2015, for premises in Gurgaon, Haryana. The lease covered both the ground floor and basement, with different commencement dates and rental rates for each. The ground floor was leased from July 2015 at Rs. 3,15,000 per month plus service tax, and the basement from January 2016 at Rs. 2,49,500 per month plus service tax. Security deposits were paid for both floors. A dispute arose regarding the terms of the lease, specifically concerning the vacation of the basement and the payment of rent. The Corporate Debtor expressed a willingness to vacate the basement in March 2018, but the Operational Creditor insisted on a
…Web Date Systems Private Limited and Aithent…
Lease for the ground…