Gupshup Technology India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nextgen Infratel Private Limited (Corporate Debtor) on October 21, 2019, to initiate the Corporate Insolvency Resolution Process (CIRP). The application sought to recover an outstanding operational debt of Rs. 25,98,842/-, with the date of default declared as February 16, 2017, which was 15 days after the first invoice dated January 31, 2017, as per the payment terms. Initially, the Operational Creditor filed a petition, CP No. (IB) 199/ALD/2018, on December 21, 2017, which was dismissed in default by the Tribunal on July 12, 2018. Subsequently, the Operational Creditor filed an application, CA No. 116/2019, for

Gupshup Technology India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nextgen Infratel Private Limited (Corporate Debtor) on October 21, 2019, to initiate the Corporate Insolvency Resolution Process (CIRP). The application sought to recover an outstanding operational debt of Rs. 25,98,842/-, with the date of default declared as February 16, 2017, which was 15 days after the first invoice dated January 31, 2017, as per the payment terms. Initially, the Operational Creditor filed a petition, CP No. (IB) 199/ALD/2018, on December 21, 2017, which was dismissed in default by the Tribunal on July 12, 2018. Subsequently, the Operational Creditor filed an application, CA No. 116/2019, for