M/s. Next Education India Pvt. Ltd. ('Operational Creditor') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. K12 Techno Services Private Limited (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench rejected the application on the ground of ‘existence of dispute' via an order dated December 20, 2018. The Appellant brought on record (Form 5) of ‘debt' and 'default', and a Demand Notice u/s 8(1) of the ‘I&B Code' issued on August 8, 2017. The Adjudicating Authority noted that the respondent filed a reply on September 8, 2017, to the Demand Notice, raising several disputes and annexing correspondence about defective services provided by the Appellant.
M/s. Next Education India Pvt. Ltd. (the 'Operational Creditor') initiated proceedings under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('I&B Code') against M/s. K12 Techno Services Private Limited (the 'Corporate Debtor'). The Adjudicating Authority, Bengaluru Bench, rejected the application citing the 'existence of dispute'. The Operational Creditor submitted Form 5 evidencing 'debt' and 'default', along with a Demand Notice issued under Section 8(1) of the I&B Code on August 8, 2017. The Corporate Debtor responded to the Demand Notice on September 8, 2017, alleging several disputes and providing correspondence regarding defective services. The 'Master Service Agreement' with ‘Sri Gowtham Academy of General and Technical Education' was
…Sign in to view the parties.
The ‘Master Service Agreement' with ‘Sri…
Demand Notice u/s 8(1)…
M/s. Next Education India Pvt. Ltd. ('Operational Creditor') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. K12 Techno Services Private Limited (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench rejected the application on the ground of ‘existence of dispute' via an order dated December 20, 2018. The Appellant brought on record (Form 5) of ‘debt' and 'default', and a Demand Notice u/s 8(1) of the ‘I&B Code' issued on August 8, 2017. The Adjudicating Authority noted that the respondent filed a reply on September 8, 2017, to the Demand Notice, raising several disputes and annexing correspondence about defective services provided by the Appellant.
M/s. Next Education India Pvt. Ltd. (the 'Operational Creditor') initiated proceedings under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('I&B Code') against M/s. K12 Techno Services Private Limited (the 'Corporate Debtor'). The Adjudicating Authority, Bengaluru Bench, rejected the application citing the 'existence of dispute'. The Operational Creditor submitted Form 5 evidencing 'debt' and 'default', along with a Demand Notice issued under Section 8(1) of the I&B Code on August 8, 2017. The Corporate Debtor responded to the Demand Notice on September 8, 2017, alleging several disputes and providing correspondence regarding defective services. The 'Master Service Agreement' with ‘Sri Gowtham Academy of General and Technical Education' was
…The ‘Master Service Agreement' with ‘Sri…
Demand Notice u/s 8(1)…