The appeal challenges the order dated 05.03.2021 passed by the National Company Law Tribunal, New Delhi, which dismissed the application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016.
Yuvrraj Agarwal and Adreel Media Pvt Ltd (Appellants) filed an application under Section 9 of the IBC against M/s Aspek Media Pvt Ltd (Respondent/Corporate Debtor).
The Appellants claimed that the Corporate Debtor failed to pay invoices raised for services rendered from June 2018 to September 2018, amounting to Rs. 25,70,656/-.
The Appellants issued a combined notice under Section 8 of the Code on 25.10.2018 demanding the total sum of Rs. 25,70,656/-.
The Corporate Debtor served a Notice of Dispute on 02.11.2018 in reply to the Appellant's notice dated 24.10.2018.
The Adjudicating Authority dismissed the application on the ground that the Section 8 Notice was issued by two Operational Creditors jointly.
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Appointment Letter issued in favour of the First…
The Corporate Debtor has failed to pay the…
The appeal challenges the order dated 05.03.2021 passed by the National Company Law Tribunal, New Delhi, which dismissed the application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016.
Yuvrraj Agarwal and Adreel Media Pvt Ltd (Appellants) filed an application under Section 9 of the IBC against M/s Aspek Media Pvt Ltd (Respondent/Corporate Debtor).
The Appellants claimed that the Corporate Debtor failed to pay invoices raised for services rendered from June 2018 to September 2018, amounting to Rs. 25,70,656/-.
The Appellants issued a combined notice under Section 8 of the Code on 25.10.2018 demanding the total sum of Rs. 25,70,656/-.
The Corporate Debtor served a Notice of Dispute on 02.11.2018 in reply to the Appellant's notice dated 24.10.2018.
The Adjudicating Authority dismissed the application on the ground that the Section 8 Notice was issued by two Operational Creditors jointly.
…Appointment Letter issued in favour of the First…
The Corporate Debtor has failed to pay the…